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Business, 12.03.2021 17:20 roselyndiaz29

XYZ Corporation manufactures automobile parts. During the year, the company sold $5,600 of parts that had a cost of $3,200. At year end, these are the balances for cost of goods sold and its manufacturing overhead accounts: Cost of goods sold: $3,200 Manufacturing overhead allocated: $1,495 Manufacturing overhead control: $1,400 What would be the correct journal entry to close out the overhead accounts assuming that the write-off to cost of goods sold approach is used

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