Identify and accumulate manufacturing overhead costs (Learning Objective 4)

Classic Outdoor Furniture manufactures wood patio furniture. The company reports the following costs for January 2009. What is the balance in the Manufacturing Overhead account at the end of January if no manufacturing overhead has been allo¬ cated to jobs?

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Wood.............. $230,000 Nails and glue 12,000 Wood-preserving stain 9,000 Depreciation on saws...... 5,000 Depreciation on delivery truck............ 2,200 Assembly-line workers' wages. 56,000 Salesperson's auto lease........... 1,400 Indirect manufacturing labor.. 39,000