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Crawford Corporation incurred the following transactions. 1. 2. 3. 4. 5. 6. 7. 8. 9. Purchased raw materials on account $52,200. Raw Materials of $42,600 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,500 was classified as indirect materials. Factory labor costs incurred were $60,700, of which $50,200 pertained to factory wages payable and $10,500 pertained to employer payroll taxes payable. Time tickets indicated that $55,000 was direct labor and $5,700 was indirect labor. Manufacturing overhead costs incurred on account were $81,500. Depreciation on the company's office building was $8,500. Manufacturing overhead was applied at the rate of 150% of direct labor cost. Goods costing $93,200 were completed and transferred to finished goods. Finished goods costing $84,300 to manufacture were sold on account for $113,200. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually)

Crawford Corporation incurred the following transactions. 1. 2. 3. 4. 5. 6. 7. 8. 9. Purchased raw materials on account $52,200. Raw Materials of $42,600 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,500 was classified as indirect materials. Factory labor costs incurred were $60,700, of which $50,200 pertained to factory wages payable and $10,500 pertained to employer payroll taxes payable. Time tickets indicated that $55,000 was direct labor and $5,700 was indirect labor. Manufacturing overhead costs incurred on account were $81,500. Depreciation on the company's office building was $8,500. Manufacturing overhead was applied at the rate of 150% of direct labor cost. Goods costing $93,200 were completed and transferred to finished goods. Finished goods costing $84,300 to manufacture were sold on account for $113,200. 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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please help me solve for the entire journal entry
Crawford Corporation incurred the following transactions. 1. 2. 3. Factory labor costs incurred were $60,700, of which $50,200 pertained to factory wages payable and $10,500 pertained to employer payroll taxes payable. Time tickets indicated that $55,000 was direct labor and $5,700 was indirect labor. Manufacturing overhead costs incurred on account were $81,500. Depreciation on the company's office building was $8,500. 7. Manufacturing overhead was applied at the rate of 150% of direct labor cost. Goods costing $93,200 were completed and transferred to finished goods. Finished goods costing $84,300 to manufacture were sold on account for $113,200. 4. 5. 6. 8. Purchased raw materials on account $52,200. 9. Raw Materials of $42,600 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,500 was classified as indirect materials. 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. Factory labor costs incurred were $60,700, of which $50,200 pertained to factory wages payable and $10,500 pertained to employer payroll taxes payable. Time tickets indicated that $55,000 was direct labor and $5,700 was indirect labor. Manufacturing overhead costs incurred on account were $81,500. Depreciation on the company's office building was $8,500. 7. Manufacturing overhead was applied at the rate of 150% of direct labor cost. Goods costing $93,200 were completed and transferred to finished goods. Finished goods costing $84,300 to manufacture were sold on account for $113,200. 4. 5. 6. 8. Purchased raw materials on account $52,200. 9. Raw Materials of $42,600 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,500 was classified as indirect materials. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually)
No. Account Titles and Explanation (1) (2) (3) (4) (5) (6) (7) (8) (9) (To record the sale) To record the cost of the sale Debit Credit
Transcribed Image Text:No. Account Titles and Explanation (1) (2) (3) (4) (5) (6) (7) (8) (9) (To record the sale) To record the cost of the sale Debit Credit
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