Business, 23.06.2020 19:01 violet9139

Oak Outdoor Furniture manufactures wood patio furniture. If the company reports the following costs for June 2018â€‹, Wood $ 270,000
Nails, glue, stain 18,000
Depreciation on saws 5,300
Indirect manufacturing labor 45,000
Depreciation on delivery truck 1,700
AssemblyÂline workers' wages 51,000
what is the balance in the Manufacturing Overhead account before overhead is allocated toâ€‹ jobs? Assume that the labor has beenâ€‹incurred, but not yet paid. Prepare journal entries for overhead costs incurred in June. What is the balance in the Manufacturing Overhead account before overhead is allocated toâ€‹ jobs?
1. First, prepare an entry for the overhead costs for materials used.
2. â€‹Next, prepare an entry for the overhead costs for labor incurred.
3. Finally, prepare an entry for all other overhead costs.

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Oak Outdoor Furniture manufactures wood patio furniture. If the company reports the following costs...