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Agriculture Sprinkler, Inc. had the following transactions during its very first month of operations: 1. Purchased raw materials on account, $34,225. 2. Raw Materials of
Agriculture Sprinkler, Inc. had the following transactions during its very first month of operations: 1. Purchased raw materials on account, $34,225. 2. Raw Materials of $26,845 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $2,905 was classified as indirect materials. 3. Factory labor costs incurred were $27,100 of which $24,390 pertained to factory wages payable and $2,710 pertained to employer payroll taxes payable. 4. Time tickets indicated that $24,450 was direct labor and $2,650 was indirect labor. 5. Overhead costs incurred on account were $71,850. 6. Manufacturing overhead was applied at the rate of 140% of direct labor cost. 7. Goods costing $12,650 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 $67,720. Instructions Journalize the above transactions for Agriculture Sprinkler, Inc. Omit Explanations Journalize please
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