North Country Industries manufactures Adirondack chairs. The company reported the following costs for June 2020.ItemCostWood$164,630Nails, glue, stain$14,290Indirect manufacturing labor$40,640Depreciation on skill saws$4,720Depreciation on delivery truck$2,010Assembly-line workers wages$49,960 Prepare the 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.JournalDateDescriptionDebitCreditJune 30 June 30 June 30 June 30 June 30 June 30

Depreciation- for delivery truck is form part of selling expenses and not be considered as overhead…

Answered: North Country Industries manufactures…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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North Country Industries manufactures Adirondack chairs. The company reported the following costs for June 2020.

Item	Cost
Wood	$164,630
Nails, glue, stain	$14,290
Indirect manufacturing labor	$40,640
Depreciation on skill saws	$4,720
Depreciation on delivery truck	$2,010
Assembly-line workers wages	$49,960

Prepare the 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

Date	Description	Debit	Credit
June 30
June 30

June 30
June 30

June 30
June 30

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