Question: Show all computations Use the following data to prepare journal entries (use normal costing): Direct materials used $30 Direct labor $40 OH allocated @ 120%

Show all computations

Use the following data to prepare journal entries (use normal costing):

Direct materials used $30

Direct labor $40

OH allocated @ 120% of DL$

Cost of goods manufactured $80

Cost of goods sold $70

Actual OH $46

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