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1. 2 3. 4 5. 6 7. 8 9. rd Corporation incurred the following transactions. Purchased raw materials on account $54,500. Raw Materials of $38.500 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,000 was classified as indirect materials. Factory labor costs incurred were $62.500, of which $50.500 pertained to factory wages payable and $12,000 pertained to employer payroll taxes payable. Time tickets indicated that $54,700 was direct labor and $7,800 was indirect labor Manufacturing overhead costs incurred on account were $84,900 Depreciation on the company's office building was $8.800. Manufacturing overhead was applied at the rate of 150% of direct labor cost. Goods costing $91,400 were completed and transferred to finished goods. Finished goods costing $75,300 to manufacture were sold on account for $109,700, Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

1. 2 3. 4 5. 6 7. 8 9. rd Corporation incurred the following transactions. Purchased raw materials on account $54,500. Raw Materials of $38.500 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,000 was classified as indirect materials. Factory labor costs incurred were $62.500, of which $50.500 pertained to factory wages payable and $12,000 pertained to employer payroll taxes payable. Time tickets indicated that $54,700 was direct labor and $7,800 was indirect labor Manufacturing overhead costs incurred on account were $84,900 Depreciation on the company's office building was $8.800. Manufacturing overhead was applied at the rate of 150% of direct labor cost. Goods costing $91,400 were completed and transferred to finished goods. Finished goods costing $75,300 to manufacture were sold on account for $109,700, Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Crawford Corporation incurred the following transactions. 1. 2 3. 4. 5. 6 7. 8 9. Purchased raw materials on account $54,500. Raw Materials of $38.500 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,000 was classified as indirect materials. Factory labor costs incurred were $62,500, of which $50,500 pertained to factory wages payable and $12,000 pertained to employer payroll taxes payable. Time tickets indicated that $54,700 was direct labor and $7,800 was indirect labor. Manufacturing overhead costs incurred on account were $84,900. Depreciation on the company's office building was $8,800. Manufacturing overhead was applied at the rate of 150% of direct labor cost. Goods costing $91,400 were completed and transferred to finished goods. Finished goods costing $75,300 to manufacture were sold on account for $109,700, Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Transcribed Image Text:Crawford Corporation incurred the following transactions. 1. 2 3. 4. 5. 6 7. 8 9. Purchased raw materials on account $54,500. Raw Materials of $38.500 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,000 was classified as indirect materials. Factory labor costs incurred were $62,500, of which $50,500 pertained to factory wages payable and $12,000 pertained to employer payroll taxes payable. Time tickets indicated that $54,700 was direct labor and $7,800 was indirect labor. Manufacturing overhead costs incurred on account were $84,900. Depreciation on the company's office building was $8,800. Manufacturing overhead was applied at the rate of 150% of direct labor cost. Goods costing $91,400 were completed and transferred to finished goods. Finished goods costing $75,300 to manufacture were sold on account for $109,700, Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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