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Crawtord Corporation incurred the following transactions. 1. Purchased raw materials on account $51,000. 2. Raw Materials of $42,300 were requisitioned to the factory. An analysis
Crawtord Corporation incurred the following transactions. 1. Purchased raw materials on account $51,000. 2. Raw Materials of $42,300 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,800 was classified as indirect materials 3. Factory labor costs incurred were $66,200, of which $50,600 pertained to factory wages payable and $15,600 pertained to employer payroll taxes payable. 4. Time tickets indicated that $55,000 was direct labor and $11,200 was indirect labor. 5. Manufacturing overhead costs incurred on account were $81,600. 6. Depreciation on the company's office building was $8,200. 7. Manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. Goods costing $89,400 were completed and transferred to finished goods. 9. Finished goods costing $84,400 to manufacture were sold on account for $110,500. Joumalize the transsctions. (Grefit occount tities ore actometicaly indented when amourt be entered Do mot indent manualy) No. Account Titles and Explanation (1) (2) Debit Credit (1) (3) (4) (5) (6) (7) (i) Cfe recay ithe salet () TFe recars mur cost of the mini
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