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Bramble Corporation incurred the following transactions. 1. 2. 3. 4. 5. 6. 7. Purchased raw materials on account $52,700. Raw Materials of $42,700 were requisitioned

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Bramble Corporation incurred the following transactions. 1. 2. 3. 4. 5. 6. 7. Purchased raw materials on account $52,700. Raw Materials of $42,700 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 $67,600. Time tickets indicated that $55,500 was direct labor and $12,100 was indirect labor. Manufacturing overhead costs incurred on account were $81,800. Manufacturing overhead was applied at the rate of 160% of direct labor cost. Goods costing $90,500 were completed and transferred to finished goods. Finished goods costing $78,000 to manufacture were sold. 8. Record the transactions. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Raw Materials Inventory Manufacturing Costs Factory Labor Manufacturing Overhead Work in Process Inventory Finished Goods Inventory Cost of Goods Sold $ Purchased raw 1. materials $ $ $ $ $ 2. Direct materials 2. Indirect materials Incurred factory 3. labor 4. Direct labor 4. Indirect labor Overhead costs 5. incurred 6. Assigned overhead 7. Completed goods 8. Goods sold

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