Friday, October 10, 2014

Prepare the summary entry for manufacturing overhead in Wallace Manufacturing Company.

Wallace Manufacturing incurs $32,000 of factory labor costs. Of that amount, $27,000 relates to wages payable and $5,000 relates to payroll taxes payable in February. What is the entry of record factory labor for the month is?

Using assumed data, Prepare the summary entry for manufacturing overhead in Wallace Manufacturing Company.

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