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1. Purchased raw materials on account $46,300. 2. Raw Materials of $36,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated
1. | Purchased raw materials on account $46,300. | |
2. | Raw Materials of $36,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,800 was classified as indirect materials. | |
3. | Factory labor costs incurred were $55,900, of which $51,000 pertained to factory wages payable and $4,900 pertained to employer payroll taxes payable. | |
4. | Time tickets indicated that $50,000 was direct labor and $5,900 was indirect labor. | |
5. | Manufacturing overhead costs incurred on account were $80,500. | |
6. | Depreciation on the company |
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