Adjusting Manufacturing Overhead

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Description:

In this lecture, the steps to assigning manufacturing overhead to jobs is reviewed, as well as the journal entries involved in the process. The completed job cost record is also displayed. The journal entries recording the completion and sale of finished goods are also covered. The methodology for adjusting manufacturing overhead is also shown. Lastly, how to calculate the per unit costs (for a service company) is also taught. Several exercises are performed for each of the topics.

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