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  • Sep 8, 2007, 07:58 AM
    sheik rukshana
    Manufacturing overhead account
    On 31st December following balances

    Raw materials $13000
    Work in process 20000
    Finished goods 16000
    Cost of goods sold 210000
    Balance in manufacturing overhead account at same date was debit of $6600. Prepare entries to adjust the over or under applied amount .
    1) assuming the amount is material and
    2) assuming the amount is immaterial

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