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Cooper Company Had Overapplied Factory Overhead of $2,000 Last Year

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Cooper Company had overapplied factory overhead of $2,000 last year. Assuming the amount was considered small enough not to materially distort net income, the entries needed to close factory overhead are: Cooper Company had overapplied factory overhead of $2,000 last year. Assuming the amount was considered small enough not to materially distort net income, the entries needed to close factory overhead are:

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After closing the Applied Factory Over...

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