Cooke Corporation incurred the following transactions. 1. Purchased raw materials on account $46,240. 2. Raw Materials of $35,870 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7,260 was classified as indirect materials. 3. Factory labor costs incurred were $53,980, of which $48,960 pertained to factory wages payable and $5,020 pertained to employer payroll taxes payable. 4. Time tickets indicated that $47,330 was direct labor and $6,650 was indirect labor. 5. Overhead costs incurred on account were $81,730. 6. Manufacturing overhead was applied at the rate of 150% of direct labor cost. 7. Goods costing $87,830 were completed and transferred to finished goods. 8. (a) Finished goods costing $74,270 to manufacture were (b) sold on account for $103,320. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. 6. 7. 8(a) 8(b)