- 120 Wildhorse Corporation had the following transactions during its first month of operations: 1 2 3. Purchased raw materials on account, $ 103,700. Raw materials of $ 36,600 were requisitioned to the factory. An analysis of the materials requisition slips indicated that 7,320 was classified as indirect materials. Factory labor costs incurred were $ 213.500 of which $ 176.900 pertained to factory wages payable and $36,600 pertained to employer payroll taxes payable. Time tickets indicated that $176,900 was direct labor and $ 36,600 was indirect labor Overhead costs incurred on account were $ 241,560. Manufacturing overhead was applied at the rate of 150% of direct labor cost, Goods costing $140,300 are still incomplete at the end of the month the other goods were completed and transferred to 4 5. 6. 7 finished Goods Inventory. 8 Finished Goods Inventory with a cost of $ 122,000 was sold on account for $ 158,600. Journalize the above transactions for Widhorse Corporation (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) No. Account Titles and Explanation Debit Credit 3. 5 NO. Account Tities and explanation LEOT 1. crear 2 3. 4 5. 6 (records to record of Goods Art