Custom Co. reports the following (partial) T-account activity at the end of its first year of operations.
Question:
Custom Co. reports the following (partial) T-account activity at the end of its first year of operations.
1. Compute the under- or overapplied overhead for the year.
2. Prepare the journal entry to close Factory Overhead to Cost of Goods Sold.
Transcribed Image Text:
Factory Overhead 80,400 390,000 130,000 184,600
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