Question 2 (2 marks)

Pando Corporation is a manufacturing firm producing one type of white cup. The company started to operate in January 2020. The unit selling price of the cup in January was $7. In order to produce the cup, three types of cost were incurred including direct materials, direct labor, and manufacturing overhead. At the end of January, 1.000 cups were produced and sold out. Three were no work-in-process inventory at the end of January.

Required: Come up with 6 transactions related to direct material cost, direct labour cost and manufacturing overhead cost of Pando Corporation incurred in January 2020.