Journal entries for each type of manufacturing cost

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Reference no: EM13502479

During the current month, Tomlin Company incurs the following manufacturing costs:

(a) Purchased raw materials of $16,000 on account.

(b) Incurred factory labor of $40,000. Of that amount, $31,000 relates to wages payable and $9,000 relates to payroll taxes payable.

(c) Factory utilities of $3,100 are payable, prepaid factory property taxes of $2,400 have expired, and depreciation on the factory building is $9,500.

Prepare journal entries for each type of manufacturing cost. (Use a summary entry to record manufacturing overhead.)

Reference no: EM13502479

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