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1 Wildhorse Corporation incurred the following transactions. Purchased raw materials on account $52,800 2. Raw Materials of $45,500 were requisitioned to the factory. An analysis

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1 Wildhorse Corporation incurred the following transactions. Purchased raw materials on account $52,800 2. Raw Materials of $45,500 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $9.600 was classified as indirect materials. 3. Factory labor costs incurred were $68.000, of which $51.500 pertained to factory wages payable and 516,500 pertained to employer payroll taxes payable. Time tickets indicated that $55.100 was direct labor and $12.900 was indirect labor. 5. Manufacturing overhead costs incurred on account were $84.700. Depreciation on the company's office building was $8.600. 7. Manufacturing overhead was applied at the rate of 150% of direct labor cost. Goods costing $95,500 were completed and transferred to finished goods. Finished goods costing $81.400 to manufacture were sold on account for $105/600, 4. 6. 8. 9. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Credit No. Account Titles and Explanation (1) (2)

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