Assume that the company allocates any underapplied or overapplied overhead to work in process, finished goods, and cost of goods sold on the basis of the amount of overhead applied during the year that remains in each account at the end of the year. these amounts are $90,336 for work in process, $316,176 for finished goods, and $722,688 for cost of goods sold. prepare the journal entry to show the allocation for the year.
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Assume that the company allocates any underapplied or overapplied overhead to work in process, finis...
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