Maple Outdoor Furniture manufactures wood patio furniture. If the company reports the following costs for June...

 

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Maple Outdoor Furniture manufactures wood patio furniture. If the company reports the following costs for June 2016, what is the balance in the Manufacturing Overhead account before overhead is allocated to jobs? Assume that the labor has been incurred, but not yet paid. Prepare journal entries for overhead costs incurred in June. Wood $ 290,000 Nails, glue, stain 22,000 5,100 Depreciation on saws Indirect manufacturing labor 38,000 Depreciation on delivery truck 2,400 57,000 Assembly-line workers' wages What is the balance in the Manufacturing Overhead account before overhead is allocated to jobs? Enter the costs and calculate the balance ("Bal.") of the Manufacturing Overhead T-account. Manufacturing Overhead Nails, glue, and stain 22,000 Depreciation on saws 5,100 Indirect manufacturing labor 38,000 Bal. 65,100 Prepare journal entries for overhead costs incurred in June. (Record debits first, then credits. Exclude explanations from any journal entries.) First, prepare an entry for the overhead costs for materials used. Date Accounts Debit Credit # Maple Outdoor Furniture manufactures wood patio furniture. If the company reports the following costs for June 2016, what is the balance in the Manufacturing Overhead account before overhead is allocated to jobs? Assume that the labor has been incurred, but not yet paid. Prepare journal entries for overhead costs incurred in June. Wood $ 290,000 Nails, glue, stain 22,000 5,100 Depreciation on saws Indirect manufacturing labor 38,000 Depreciation on delivery truck 2,400 57,000 Assembly-line workers' wages What is the balance in the Manufacturing Overhead account before overhead is allocated to jobs? Enter the costs and calculate the balance ("Bal.") of the Manufacturing Overhead T-account. Manufacturing Overhead Nails, glue, and stain 22,000 Depreciation on saws 5,100 Indirect manufacturing labor 38,000 Bal. 65,100 Prepare journal entries for overhead costs incurred in June. (Record debits first, then credits. Exclude explanations from any journal entries.) First, prepare an entry for the overhead costs for materials used. Date Accounts Debit Credit #

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Solution Manufacturing Overhead Nails Glue and Stain 22000 Depreciation of Saws 5100 Indirect ... View the full answer