Question

1) Write off all over or under-allocated overhead to cost of goods sold. BALANCES: Cost of...

1) Write off all over or under-allocated overhead to cost of goods sold.

BALANCES:

Cost of goods sold 195,220
Manufacturing overhead control 85,060
manufacturing overhead allocated 61,186

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Answer #1
Manufacturing overhead control 85,060
manufacturing overhead allocated 61,186
overhead under allocated 23,874
unadjusted cost of goods sold 195,220
add:overhead under allocateed 23,874
Adjusted cost of goods sold 219,094 answer
journal entry
Account titles & Explanations Debit Credit
cost of goods sold 23,874
Manufacturing overhead 23,874
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