How do you solve for A and B? 3. Account balances from the Kai...
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Accounting
How do you solve for A and B?
3. Account balances from the Kai Corp. are as follows: Manufacturing Overhead Work in Process Finished Goods Cost of Goods Sold $240,000 under-applied 100,000 300,000 800,000 a. Assume any under-applied or over-applied overhead is material and is allocated. Record the journal entry for this allocation Accounts Debit Credit b. Determine the balances in Work in Process, Finished Goods and Cost of Goods Sold AFTER the allocations. Balance AFTER Allocation Finished Goods Cost of Goods Sold
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