Current Attempt in Progress Sunland Corporation incurred the following transactions. 1. Purchased raw materials on account $46,800. 2. Raw Materials of $40,900 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,600 was classified as indirect materials. 3. 4. 5. 6. 7. 8. 9. Factory labor costs incurred were $63,800, of which $51,500 pertained to factory wages payable and $12,300 pertained to employer payroll taxes payable. Time tickets indicated that $54,300 was direct labor and $9,500 was indirect labor. Manufacturing overhead costs incurred on account were $82,300. Depreciation on the company's office building was $8,600. Manufacturing overhead was applied at the rate of 150% of direct labor cost. Goods costing $93,700 were completed and transferred to finished goods. Finished goods costing $78,000 to manufacture were sold on account for $111,300.