1. Sofas R Us is a manufacturer of sofas. The company uses a normal-costing system and budgets 2020 manufacturing overhead costs to be $4,000,000 and 2020 direct labor-hours to be 250,000. A summary of Sofas R Us transactions for February 2020 provided below:

1. Purchases of materials (direct and indirect) on credit, $200,000
2. Usage of direct materials, $180,000, and indirect materials, $10,000
3. Manufacturing payroll for May: direct labor, $200,000, and indirect labor, $50,000, paid in cash
4. Other manufacturing overhead costs incurred during February, $140,000, consisting of

- supervision and engineering salaries, $80,000 (paid in cash);

- plant utilities, repairs, and insurance, $25,000 (paid in cash); and

- plant depreciation, $35,000

5. Allocation of manufacturing overhead to jobs is based on 9,500 actual direct manufacturing labor hours.
6. The sum of all individual jobs completed and transferred to finished goods in May 2017 is $550,000
7. Marketing costs for February 2017, $150,000, and customer-service costs for February 2017, $30,000, paid in cash
8. Sales revenues from all jobs sold and delivered in February 2017, all on credit, $900,000 (cost of goods sold, $510,000)

Required:

Prepare journal entries to summarize the February 2020 transactions. Number your entries. Explanations for each entry may be omitted. Show posted T-accounts for all inventories, Cost of Goods Sold, Manufacturing Overhead Control, and Manufacturing Overhead Allocated.