BACK Exercise 20-7 Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $49,100. 2. Raw Materials of $44,200 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $9,900 was classified as indirect materials. 3. Factory labor costs incurred were $61,900, of which $51,400 pertained to factory wages payable and $10,500 pertained to employer payrol axes 4. Time tickets indicated that $55,300 was direct labor and $6,600 was indirect labor 5. Manufacturing overhead costs incurred on account were $81,900 6. Depreciation on the company's office building was $8,500. Manufacturing overhead was applied at the rate of 160% of direct labor cost. Goods costing $93,900 were completed and transferred to finished goods. Finished goods costing $76,400 to manufacture were sold on account for $105,700. 7. 8. 9