Current Attempt in Progress 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.)
Current Attempt in Progress 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.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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answer in text form please (without image), Note: .Every entry should have narration please
Transcribed Image Text:Current Attempt in Progress
Crawford Corporation incurred the following transactions.
1.
2.
3.
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.
5.
Manufacturing overhead costs incurred on account were $84,900.
6. Depreciation on the company's office building was $8,800.
4.
7. 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.
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.
Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent
manually.)
No. Account Titles and Explanation
(1)
(2)
Debit
Credit
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