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Unformatted text preview: an adjusting entry. It considers under- or overapplied overhead to be an adjustment to cost of goods sold . Thus, Wallace debits underapplied overhead to Cost of Goods Sold . It credits overapplied overhead to Cost of Goods Sold ....
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This note was uploaded on 12/25/2011 for the course ACCOUNTING ac 202 taught by Professor - during the Fall '11 term at Montgomery.
- Fall '11