If the predetermined overhead allocation rate is 250% of direct labor cost and the Finishing Department's direct labor cost for the reporting period is $20,000, the following entry would record the allocation of overhead to the products processed in this department:
Work in Process Inventory,
Finishing Dept. 50,000
Factory Overhead 50,000
Prepare the journal entry
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If the predetermined overhead allocation rate is 250% of direct labor cost and the Finishing Departm...
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