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Maple Outdoor Furniture manufactures wood patio furniture. If the company reports the following costs for June 2024, what is the balance in the Manufacturing
Maple Outdoor Furniture manufactures wood patio furniture. If the company reports the following costs for June 2024, 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. (Click the icon to view the costs.) 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 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. Data Table Wood $ 290,000 Nails, glue, stain Depreciation on saws 19,000 5,100 Indirect manufacturing labor 44,000 Depreciation on delivery truck Assembly-line workers' wages 1,900 50,000 Print Done
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