Question: please answer it in an hour Acct 3041 Final Fall 2020 Name Problem 1 - 12 points Consider the following data: Cost of goods sold
Acct 3041 Final Fall 2020 Name Problem 1 - 12 points Consider the following data: Cost of goods sold $70 Direct labor $20 Direct materials used $15 Cost of goods manufactured $80 Work in process ending $10 Finished goods ending $15 Actual overhead $35 OH allocated at 150% of DLS. Show all computations. a) Prepare a schedule of COGM & Sold using OH allocated. b) Prepare the journal entry to close OH
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