Cooper Company had overapplied factory overhead of $2,00 . last year. Assuming the amount was considered small enough not to materially distort net income, the entries needed to close factory overhead are:
a. Factory Overhead 2,000
Applied Factory Overhead 2,000
Applied Factory Overhead 2,000
Cost of Goods Sold 2,000
b. Factory Overhead 2,000
Under- and Overapplied
Factory Overhead 2,000
Cost of Goods Sold 2,000
Under- and Overapplied
Factory Overhead 2,000
c. Factory Overhead 2,000
Under- and Overapplied
Factory Overhead 2,000
Under- and Overapplied Factory
Overhead 2,000
Cost of Goods Sold 2,000
d. Factory Overhead 2,000
Applied Factory Overhead 2,000
Applied Factory Overhead 2,000
Cost of Goods Sold 2,000
c
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