Current Attempt in Progress Pharoah Corporation had the following transactions during its first month of operations: 1. Purchased raw materials on account, $76,500. 2. 3. Raw materials of $27,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $5,400 was classified as indirect materials. Factory labor costs incurred were $157,500 of which $130.500 pertained to factory wages payable and $27,000 pertained to employer payroll taxes payable. Time tickets indicated that $130.500 was direct labor and $27,000 was indirect labor. 4. 5. Overhead costs incurred on account were $178,200. 6. 7. Manufacturing overhead was applied at the rate of 150% of direct labor cost. Goods costing $103,500 are still incomplete at the end of the month; the other goods were completed and transferred to finished Goods Inventory. 40 B. Finished Goods Inventory with a cost of $90,000 was sold on account for $117.000. Journalize the above transactions for Pharah Comoration (Credit account titles are automatically indented when the amount is entered AC 55F 1033 AM 2/20/2022 4-20 hp 144 6 7 8 9 YUIOP brt sc delete. home end Da up 09 == +backspace num lock 7 00. 8 6