Record the journal entry to close over-or underapplied factory

Need your ASSIGNMENT done? Use our paper writing service to score better and meet your deadline.


Order a Similar Paper HERE Order a Different Paper HERE

Record the journal entry to close over-or underapplied factory overhead to cost of goods sold for each of the independent cases below.

 

                                      Marsh Concert                                 Ellis Home

                                          Promotions                                 Builders

Actual indirect materials costs     22000                                   12500

Actual indirect labor costs            46000                                  46500

Other overhead costs                   17000                                  47000

Overhead applied                     88200                                    105200