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Coronado Corporation incurred the following transactions i 2 3. 4 Purchased raw materials on account $53,000, Raw Materials of $36,100 were requisitioned to the factory.

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Coronado Corporation incurred the following transactions i 2 3. 4 Purchased raw materials on account $53,000, Raw Materials of $36,100 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7,400 was classified as indirect materials. Factory labor costs incurred were $61,300, of which $51,200 pertained to factory wages payable and $10,100 pertained to employer payroll taxes payable. Time tickets indicated that $54,300 was direct labor and $7,000 was indirect labor. Manufacturing overhead costs incurred on account were $82,000. Depreciation on the company's office building was $8,800 Manufacturing overhead was applied at the rate of 160% of direct labor cost. Goods costing 592.200 were completed and transferred to finished goods. Finished goods costing $80,900 to manufacture were sold on account for $106,300, 5. 6. 7 8 9 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) 73 (6) ) (7) 8 (8) (9) (To record the sale) To record the cost of the sale)

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