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Exercise 2-7 Crawford Corporation incurred the following transactions 1. Purchased raw materials on account $53,000. 2. Raw Materials of $36,100 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7,400 was classified as indirect materials. 3. Factory labor costs incurred were $61,300, of which $51,200 pertained to factory wages payable and $10,100 pertained to employer payroll taxes payable. 4. Time tickets indicated that $54,300 was direct labor and $7,000 was indirect labor. 5. Manufacturing overhead costs incurred on account were $82,000. 6. Depreciation on the company's office building was $8,800. 7. Manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. Goods costing $92,200 were completed and transferred to finished goods 9. Finished goods costing $80,900 to manufacture were sold on account for $106,300. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit No. Account Titles and Explanation