Custom Shipping Boxes, Inc. had the following transactions during its first month of operations:

Custom Shipping Boxes, Inc. had the following transactions during its first month of operations: 1. Purchased raw materials on account, $16,620. 2. Raw Materials of $14,463 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $972 was classified as indirect materials. 3. Factory labor costs incurred were $32,353 of which $29,661 pertained to factory wages payable and $2,692 pertained to employer payroll taxes payable. 4. Time tickets indicated that $29,118 was direct labor and $3,235 was indirect labor. 5. Overhead costs incurred on account were $44,777. 6. Manufacturing overhead was applied at the rate of 150% of direct labor cost. 7. Goods costing $8,770 are still incomplete at the end of the month; the other goods were completed and transferred to finished goods. 8. Finished goods costing $19,625 to manufacture were sold on account for $36,845. Instructions Journalize the above transactions for Custom Shipping Boxes, Inc. Omit Explanations