Question
1. Purchased raw materials on account $472702. Raw materials of $36720 were requisitioned to the factory. An analysis of the materials requisition slips indicated that
1. Purchased raw materials on account $472702. Raw materials of $36720 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6980 was classified as indirect materials.3. Factory labor costs incurred were $611204. Time tickets indicated that $55080 was direct labor and $6040 was indirect labor.5. Manufacturing overhead costs incurred on account were $82110.6. Depreciation on the company's office building was $82407. Manufacturing overhead was applied at the rate of 150% of direct labor cost.8. Goods costing $89760 were completed and transferred to finished goods.9. Finished goods costing $76500 to manufacture were sold on account for $105060.
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