QS $19-19($Algo$)$ Computing and recording over$-$ or underapplied overhead LO P$4$

A company$$s Factory Overhead account shows total debits of $$657,000$ and total credits of $$680,100$ at the end of the year.

Compute the under$-$ or overapplied overhead.

Prepare the journal entry to close the balance in the Factory Overhead account to Cost of Goods Sold.QS $19-19($Algo$)$ Computing and recording over$-$ or underapplied overhead LO P$4$

A company's Factory Overhead account shows total debits of $$657,000$ and total credits of $$680,100$ at the end of the year.

Compute the under$-$ or overapplied overhead.

Prepare the journal entry to close the balance in the Factory Overhead account to Cost of Goods Sold.

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Compute the under$-$ or overapplied overhead.