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Oak Outdoor Furniture manufactures wood patio furniture. If the company reports the following costs for June 2024, what is the balance in the Manufacturing Overhead
Oak 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 Wood $ 270,000 Nails, glue, stain 18,000 5,300 45,000 Depreciation on saws Indirect manufacturing labor Depreciation on delivery truck Assembly-line workers' wages 1,700 51,000
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