Crane Corporation incurred the following transactions. 1. Purchased raw materials on account $47,000. 2. 3 4 5 6 Raw Materials of $44,200 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7,300 was classified as indirect materials. Factory labor costs incurred were $60,100. Time tickets indicated that $54,400 was direct labor and $5,700 was indirect labor. Manufacturing overhead costs incurred on account were $83,600. Manufacturing overhead was applied at the rate of 160% of direct labor cost. Goods costing $94,800 were completed and transferred to finished goods. 7. 8. Finished goods costing $81,800 to manufacture were sold. Record the transactions. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45)) Manufacturing Costs Raw Materials Inventory Factory Labor Manufacturing Overhead $ 1. Purchased raw materials 2. Direct materials 3 2. Indirect materials