A company charges the following amounts of overhead to jobs, Ask an Expert

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A company charges the following amounts of overhead to jobs during the current year: $12,000 to jobs still in process, $42,000 to jobs completed but not sold, and $66,000 to jobs finished and sold. at year end, the company's factory overhead had a credit balance of $9000.00, which is not a material amount. What entry should the company make at year end related to this overhead balance?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9944881

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