1 Purchased raw materials on account, $85,000. 2 Raw Materials of $30,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,000 was classified as indirect materials. 3 Factory labor costs incurred were $175,000 of which $145,000 pertained to factory wages payable and $30,000 pertained to employer payroll taxes payable. 4 Time tickets indicated that $145,000 was direct labor and $30,000 was indirect labor. 5 Overhead costs incurred on account were $198,000. 6 Manufacturing overhead was applied at the rate of 150% of direct labor cost. 7 Goods costing $115,000 are still incomplete at the end of the month; the other goods were completed and transferred to finished goods. 8 Finished goods costing $100,000 to manufacture were sold on account for $130,000. Instructions Journalize the above transactions for Fort Corporation