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Bonita Corporation incurred the following transactions Purchased raw materials on account $46,800. Raw Materials of $40,900 were requisitioned to the factory. An analysis of the

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Bonita Corporation incurred the following transactions Purchased raw materials on account $46,800. Raw Materials of $40,900 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,600 was classified as indirect materials Factory labor costs incurred were $63,800. Time tickets indicated that $54,300 was direct labor and $9,500 was indirect labor Manufacturing overhead costs incurred on account were $82,300 anufacturing overhead was applied at the rate of 150% of direct labor cost. Goods sting $93,700 were completed and transferred to finished goods. Finished goods costing $78,000 to manufacture were sold. Record the transactions. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses 0.9. (45).) Manufacturing Costs Raw Materials Manufacturing Work in Process Finished Goods Cost of Goods Inventory Factory Labor Overhead Inventory Inventory Sold Purchase 326900 0900 2. Direct materials 2. Inmaterials 18600 32300 3. Incurred factory labor 4. Direct labor INITII. U122ZOD WWW.TO 4. Indirect labor Overhead costs 5. incurred 6. Assigned overhead 7. Completed goods 8. Goods sold 78000

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