Cullumber Corporation incurred the following transactions 1. Purchased raw materials on account $38,900 2 Raw Materials...

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Cullumber Corporation incurred the following transactions 1. Purchased raw materials on account $38,900 2 Raw Materials of $30,240 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $5.720 was classified as indirect materials 3. Factory labor costs incurred were $50,320. 4 5. 6 7 Time tickets indicated that $45,360 was direct labor and $4.960 was indirect labor. Manufacturing overhead costs incurred on account were $67.620 Depreciation on the company's office building was $6,800, Manufacturing overhead was applied at the rate of 150% of direct labor cost. B Goods costing $73,920 were completed and transferred to finished goods. 9. Finished goods costing $63,000 to manufacture were sold on account for $86.520 No. Account Titles and Explanation (1) 27 (2) (3) (4) (5) Debit Credit (6) E (8) (9) 661 (To record the sale) (To record the cost of the sale) Cullumber Corporation incurred the following transactions 1. Purchased raw materials on account $38,900 2 Raw Materials of $30,240 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $5.720 was classified as indirect materials 3. Factory labor costs incurred were $50,320. 4 5. 6 7 Time tickets indicated that $45,360 was direct labor and $4.960 was indirect labor. Manufacturing overhead costs incurred on account were $67.620 Depreciation on the company's office building was $6,800, Manufacturing overhead was applied at the rate of 150% of direct labor cost. B Goods costing $73,920 were completed and transferred to finished goods. 9. Finished goods costing $63,000 to manufacture were sold on account for $86.520 No. Account Titles and Explanation (1) 27 (2) (3) (4) (5) Debit Credit (6) E (8) (9) 661 (To record the sale) (To record the cost of the sale)