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Current Attempt in Progress Blossom Corporation had the following transactions during its first month of operations: 1. Purchased raw materials on account, $68,000. 2. Raw

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Current Attempt in Progress Blossom Corporation had the following transactions during its first month of operations: 1. Purchased raw materials on account, $68,000. 2. Raw materials of $24,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $4,800 was classified as indirect materials. 3. Factory labor costs incurred were $140,000 of which $116,000 pertained to factory wages payable and $24,000 pertained to employer payroll taxes payable. 4. Time tickets indicated that $116,000 was direct labor and $24,000 was indirect labor. 5. Overhead costs incurred on account were $158,400. 6. Manufacturing overhead was applied at the rate of 150% of direct labor cost. 7. Goods costing $92,000 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 $80.000 was sold on account for $104,000. Journalize the above transactions for Blossom Corporation, (Credit account titles are qutomatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)

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