CALCULATOR RUL SCREEN PRIN Exercise 20-07 Ivanhoe Corporation incurred the following transactions. 1. Purchased raw materials on account $53,300 2. Raw Materials of $36,300 were requisitioned to the factory.An analysis of the materials requisition slips indicated that $8,500 was dlassified as indirect materials 3. Factory labor costs incurred were $60,200, of which $50,800 pertained to factory wages payable and $9,400 pertained to employer payroll taxes payabie 4 Time tickets indicated that $55,300 was direct labor and $4,900 was indirect labor. 5. Manufacturing overhead costs incurred on account were $82,500 6. Depreciation on the company's office building was $8,700. 7. Manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. Goods costing $98,300 were completed and transferred to finished goods. 9. Finished goods costing $84,400 to manufacture were sold on account for $107,200. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit ly