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Conceptually, some argue that under or overapplied overhead at the end of the year should...

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Accounting

Conceptually, some argue that under or overapplied overhead at the end of the year should be allocated among ending work in process, finished goods, and cost of goods sold. If the over or underapplied overhead is material, explain why this allocation approach would be preferable.

I have this question and I really don't understand it.. can anyone explain to me?

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