If overhead is overapplied or underapplied

by | Mar 18, 2020 | Uncategorized

  

If overhead is overapplied or underapplied and it is a material amount, overhead should be disposed of by allocating it to:

Cost of goods sold and finished goods.

Finished goods and goods in process.

Goods in process, if immaterial.

Goods in process, finished goods, and cost of goods sold.

Raw materials, goods in process, and finished goods.
  

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