2. Tree Inc. company manufactures wood patio furniture. If the company reports the following costs for August 2020, 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! Wood $ 270,000 Nails, glue, stain 18,000 Depreciation on saws 5,300 Indirect manufacturing labor 45,000 Depreciation on delivery truck 1,700
