The factory overhead account to cost of goods sold

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Reference no: EM131262305

A company’s Factory Overhead T-account shows total debits of $604,000 and total credits of $711,000 at the end of the year.

Determine whether there is over- or underapplied overhead using the T-account below.

Prepare the journal entry to close the balance in the Factory Overhead account to Cost of Goods Sold.

Reference no: EM131262305

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