Question: Student question Time Left : 00:09:42 Hide Transcribed Text Waterway's Manufacturing calculated its predetermined overhead rate to be180% of direct materials costs. Fo company incurred

Student question

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00:09:42

 Student question Time Left : 00:09:42 Hide Transcribed Text Waterway's Manufacturing

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Waterway's Manufacturing calculated its predetermined overhead rate to be180% of direct materials costs. Fo company incurred $119700 of raw material costs, of which $90300 were direct materials, and $29400 were inc overhead incurred was $176000. What would be the debit entry to the Work in Process Inventory account for manufacturing overhead?

Waterway's Manufacturing calculated its predetermined overhead rate to be 180% of direct materials costs. Fo company incurred $119700 of raw material costs, of which $90300 were direct materials, and $29400 were inc overhead incurred was $176000. What would be the debit entry to the Work in Process Inventory account for manufacturing overhead? $215460 $176000 \$O, the account should be credited $162540

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