Cullumber Corporation had the following transactions during its first month of operations: 1. Purchased raw materials on account, $90, 100. 2. Raw materials of $31,800 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,360 was classified as indirect materials. 3. Factory labor costs incurred were $185,500 of which $153,700 pertained to factory wages payable and $31,800 pertained to employer payroll taxes payable. 4. Time tickets indicated that $153,700 was direct labor and $31,800 was indirect labor. 5 . Overhead costs incurred on account were $209,880. 6. Manufacturing overhead was applied at the rate of 150% of direct labor cost. 7. Goods costing $121,900 are still incomplete at the end of the month; the other goods were completed and transferred to finished Goods Inventory. 8. Finished Goods Inventory with a cost of $106,000 was sold on account for $137,800.No. Account Titles and Explanation Debit Credit 1. 2. 3. 4.