Chapter 16 Journalize the following transaction for Fort Corp for Manufacturing Cost Accumulated during the month of May - use 5/31 as the transaction date: a. Purchased raw materials on account $85,000 b. Factory labor costs incurred were $150,000 of which $120,000 pertained to factory wages payable and $30,000 pertained to employer payroll taxes payable c. overhead cost incurred on account were $168,000