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Crawford Corporation incurred the following transactions 1. Purchased raw materials on account $55,500 2. Raw Materials of $43,700 were requisitioned to the factory. An analysis
Crawford Corporation incurred the following transactions 1. Purchased raw materials on account $55,500 2. Raw Materials of $43,700 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7,600 was classified as indirect materials Factory labor costs incurred were $65,600, of which $50,000 pertained to factory wages payable and $15,600 pertained to employer payroll taxes payable Time tickets indicated that $55,400 was direct labor and $10,200 was indirect labor Manufacturing overhead costs incurred on account were $83,700 Depreciation on the company's office building was $8,900 Manufacturing overhead was applied at the rate of 150% of direct labor cost. Goods costing $89,100 were completed and transferred to finished goods Finished goods costing $84,300 to manufacture were sold on account for $113,100 3. 4. 5. 6. 8. 9
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