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    Auditing and Assurance
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    Exam 14: Auditing Inventory Processes: Tracking and Costing Products in the Land Development and Home Building Industry
  5. Question
    At the End of the Accounting Period, Adjustments for Under-
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At the End of the Accounting Period, Adjustments for Under-

Question 17

Question 17

True/False

At the end of the accounting period, adjustments for under- or overapplied overhead are simply posted to the inventory accounts.

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