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Author Question: Daniel Company uses a job cost system. The overhead account shows a $4,500 overallocated balance at ... (Read 64 times)

bcretired

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on: Jan 4, 2020
Daniel Company uses a job cost system. The overhead account shows a $4,500 overallocated balance at the end of the year. Actual overhead incurred was $95,000. Other balances are:

Ending raw materials $10,000
Work in process inventory at end of year 30,000
Finished goods inventory at end of year 45,000
Cost of goods sold for year $275,000

The entry to close manufacturing overhead would include a
◦ debit to manufacturing overhead for $4,500.
◦ credit to manufacturing overhead for $4,500.
◦ credit to cost of goods sold for $4,500.
◦ debit to cost of goods sold for $4,500.
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
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Marked as best answer by bcretired on Jan 4, 2020

batool

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Reply #1 on: Jan 4, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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bcretired

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Reply 2 on: Jan 4, 2020
Great answer, keep it coming :)

sultana.d

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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