FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
North Country Industries manufactures Adirondack chairs. The company reported the following costs for June 2020.
journal entries for the overhead costs incurred. Assume labor has been incurred by not yet paid. Record the entries in the order they appear in the chart above.
Journal
Item | Cost |
---|---|
Wood | $164,630 |
Nails, glue, stain | $14,290 |
Indirect manufacturing labor | $40,640 |
$4,720 | |
Depreciation on delivery truck | $2,010 |
Assembly-line workers wages | $49,960 |
Prepare the
Journal
Date | Description | Debit | Credit |
---|---|---|---|
June 30 | |||
June 30 | |||
June 30 | |||
June 30 | |||
June 30 | |||
June 30 |
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