Journal Ledger entries for Over/under absorbed overheads

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    glenlct
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    Overabsorbed overheads are placed under the Debit or credit side?


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    ninjanotes
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    If you are just writing off the overapplied overhead, then you will credit cost of goods sold given that you aren’t prorating the overapplied amount among inventories.

    I made this tutorial for journal entries and inventories. Might help :)

    https://www.youtube.com/watch?v=PZmUvapP9k8

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