Question
Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $50,600. 2. Raw Materials of $42,300 were requisitioned to the factory. An analysis
Crawford Corporation incurred the following transactions.
1. | Purchased raw materials on account $50,600. | |
2. | Raw Materials of $42,300 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $9,500 was classified as indirect materials. | |
3. | Factory labor costs incurred were $65,500, of which $50,900 pertained to factory wages payable and $14,600 pertained to employer payroll taxes payable. | |
4. | Time tickets indicated that $54,400 was direct labor and $11,100 was indirect labor. | |
5. | Manufacturing overhead costs incurred on account were $83,100. | |
6. | Depreciation on the companys office building was $8,300. | |
7. | Manufacturing overhead was applied at the rate of 160% of direct labor cost. | |
8. | Goods costing $92,700 were completed and transferred to finished goods. | |
9. | Finished goods costing $81,800 to manufacture were sold on account for $112,400. |
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) | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
(2) | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount | |
(3) | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount | |
(4) | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount | |
(5) | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
(6) | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
(7) | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
(8) | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
(9) | enter an account title to record the sale | enter a debit amount | enter a credit amount |
enter an account title to record the sale | enter a debit amount | enter a credit amount | |
(To record the sale) | |||
enter an account title to record the cost of the sale | enter a debit amount | enter a credit amount | |
enter an account title to record the cost of the sale | enter a debit amount | enter a credit amount | |
(To record the cost of the sale) |
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