Record the journal entry to close over or under applied factory overhead to Cost of Goods Sold for each of the independent cases below.
|
Actual indirect materials costs |
$12,000 |
$ 6,500 |
|
Actual indirect labor costs |
56,000 |
46,500 |
|
Other overhead costs |
17,000 |
49,000 |
|
Overhead applied |
96,200 |
106,800 |