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Blossom Corporation incurred the following transactions. 1. Purchased raw materials on account $53,600. Raw materials of $44,800 were requisitioned to the factory. An analysis of
Blossom Corporation incurred the following transactions. 1. Purchased raw materials on account $53,600. Raw materials of $44,800 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $9,600 was classified as indirect materials. Factory labour costs incurred were $66,300. Time tickets indicated that $55,200 was direct labour and $11,100 was indirect labour. Manufacturing overhead costs incurred on account were $85,200. Depreciation on the company's office building was $8,400. 7. Manufacturing overhead was applied at the rate of 150% of direct labour cost. Goods costing $98,400 were completed and transferred to finished goods. Finished goods costing $82,700 to manufacture were sold on account for $108,400. 2. 3. 4. 5. 6. 8. ogress 9. Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation (1) Raw Materials Inventory Debit Credit Blossom Corporation incurred the following transactions. 1. Purchascd raw materials on account $53,600. 2. Raw materials of $44,800 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $9,600 was classified as indirect materials. 3. Factory labour costs incurred were $66,300. 4. Time tickets indicated that $55,200 was direct labour and $11,100 was indirect labour. 5. Manufacturing overhead costs incurred on account were $85,200. 6. Depreciation on the company's office building was $8,400. 7. Manufacturing overhead was applied at the rate of 150% of direct labour cost. 8. Goods costing $98,400 were completed and transferred to finished goods. 9. Finished goods costing $82,700 to manufacture were sold on account for $108,400. Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automoticaliy indented when amount is entered. Do not indent manuaily). No, Account Titles and Explanation
Blossom Corporation incurred the following transactions. 1. Purchased raw materials on account $53,600. Raw materials of $44,800 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $9,600 was classified as indirect materials. Factory labour costs incurred were $66,300. Time tickets indicated that $55,200 was direct labour and $11,100 was indirect labour. Manufacturing overhead costs incurred on account were $85,200. Depreciation on the company's office building was $8,400. 7. Manufacturing overhead was applied at the rate of 150% of direct labour cost. Goods costing $98,400 were completed and transferred to finished goods. Finished goods costing $82,700 to manufacture were sold on account for $108,400. 2. 3. 4. 5. 6. 8. ogress 9. Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation (1) Raw Materials Inventory Debit Credit
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