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  3. at the end of 2023 the allocated manufacturing ove

at the end of 2023 the allocated manufacturing overhead cost was 1100,000 and the actual...

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Accounting

at the end of 2023 the allocated manufacturing overhead cost was 1100,000 and the actual one was 1035,000. The ending balances were cost of goods sold 70,000; finished goods 22,000 and work in process 8,000.

Instruction: Calculate the over/under allocated balance and prepare the adjusted entry if the differences were material.

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