There are normally three inventory accounts in a manufacturer's general ledger; raw materials, cost of sales and finished goods.
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Q23: In actual costing overhead is allocated using
Q24: The allocation base is a measure of
Q25: The journal entry to record overhead allocated
Q26: The estimated allocation rate equals actual overhead
Q27: The amount of under or over applied
Q29: Process costing assigns costs to cost pools
Q30: To calculate under or over applied overhead
Q31: When raw materials are purchased the raw
Q32: The assignment of overhead to individual jobs
Q33: Over applied overhead is always material and
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