Question
Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $54,900. 2. Raw Materials of $42,500 were requisitioned to the factory. An analysis
Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $54,900. 2. Raw Materials of $42,500 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,400 was classified as indirect materials. 3. Factory labor costs incurred were $67,100, of which $50,800 pertained to factory wages payable and $16,300 pertained to employer payroll taxes payable. 4. Time tickets indicated that $54,300 was direct labor and $12,800 was indirect labor. 5. Manufacturing overhead costs incurred on account were $84,300. 6. Depreciation on the companys office building was $8,600. 7. Manufacturing overhead was applied at the rate of 150% of direct labor cost. 8. Goods costing $90,400 were completed and transferred to finished goods. 9. Finished goods costing $82,300 to manufacture were sold on account for $112,700. Journalize the transactions.
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