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65,500 40,600 215,000 355,000 Finished goods ctivities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 20,000 85,000 125,000 1,450,000 80% etermine whether there is over or underapplied overhead. repare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods So Complete this question by entering your answers in the tabs below. Overhead Absorption General ournal Determine whether there is over or underapplied overhead. Factory Overhead 65,500 40,600 215,000 355,000 Finished goods ctivities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 20,000 85,000 125,000 1,450,000 80% etermine whether there is over or underapplied overhead. repare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods So Complete this question by entering your answers in the tabs below. Overhead Absorption General ournal Determine whether there is over or underapplied overhead. Factory Overhead

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