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Tony Toy Co. is a toy manufacturer that uses job-order costing. The following transactions were recorded for the month of February Feb Factory janitorial
Tony Toy Co. is a toy manufacturer that uses job-order costing. The following transactions were recorded for the month of February Feb Factory janitorial costs were paid $1,000 2 Feb Purchased plastic and paid on account: $6,000 8 Feb Customer sales support costs were paid: $2,000 14 Feb $4,000 of direct materials and $2,000 indirect materials were moved to production. 20 Feb. The following salaries were incurred direct factory labour, $10,000, and indirect factory labour, $4,000 21 Students must use only the accounts listed in the Chart of Accounts below. Accounts Payables Accounts Receivables Selling General and Administrative Expense Cash Factory Wages Payables Finished Goods Inventory Manufacturing Overhead Raw Materials inventory Supplies Work in Process Inventory Factory Labour Required: Prepare the journal entries to record the above transactions. Use the format provided below
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