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Business, 15.02.2021 23:20 milkshakegrande101

Bullz Company manufactures an energy drink. The company uses a budgeted indirect-cost rate for its manufacturing operations and during 2014 allocated $1,000,000 to work-in-process inventory. Actual overhead incurred was $1,200,000. Ending balances in the following accounts are: Work-in-Process $ 100,000 Finished Goods 750,000 Cost of Goods Sold 4,150,000 Prepare a journal entry that prorates the write-off of the difference between allocated and actual overhead using the proration approach based on the ending account balances.

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Bullz Company manufactures an energy drink. The company uses a budgeted indirect-cost rate for its m...
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