Agriculture Sprinkler, Inc. had the following transactions during its first month of operations:

1.Purchased raw materials on account, $26,925.

2.Raw Materials of $21,440 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $1,630 was classified as indirect materials.

3.Factory labor costs incurred were $41,150 of which $37,858 pertained to factory wages payable and $3,292pertained to employer payroll taxes payable.

4.Time tickets indicated that $37,300 was direct labor and $3,850 was indirect labor.

5.Overhead costs incurred on account were $52,865.

6.Manufacturing overhead was applied at the rate of 140% of direct labor cost.

7.Goods costing $11,100 are still incomplete at the end of the month; the other goods were completed and transferred to finished goods.

8.Finished goods costing $36,515 to manufacture were sold on account for $57,720.

Instructions

Journalize the above transactions for Agriculture Sprinkler, Inc.Omit Explanations