Question 20 Assume that the company allocates any under applied or over applied overhead to WIP, Finished Goods and COGS on the basis of the amount of overhead applied during the year that remains in each account at the end of the year. Balance of the Accounts at Year End: WIP Fin Goods COGS Prepare the appropriate Journal Entry Edit Insert Format Table 12pt Paragraph BIUA > 2 T v 43,200 280,800 756,000 B PHP 0 words 15 pts

Assume that the company allocates any under applied or over applied owerhead to WIP Finished Goods and COGS on the basis of the amount of overhead applied during the year that remains in each account at tha