During the current month, Ivanhoe Company incurs the following manufacturing costs. (a) Purchased raw materials of $17,500 on account. (b) Incurred factory labor of $38,600. Of that amount, $31,500 relates to wages payable and $7,100 relates to payroll taxes payable. (c) Prepare journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation (a) Factory utilities of $3,200 are payable, prepaid factory property taxes of $3,000 have expired, and depreciation on the factory building is $9,200. (b) (c) (Purchases of raw materials on account) (To record factory labor costs) Debit 11 Credit 110

During the current month. Ivanhoe Company incurs the following manufacturing costs. (a) Purchased raw materials of $17,500 on account. (b) Incurred factory labor of $38,600, Of that amount, $31,500 relates to wages payable and $7,100 relates to payroll taxes parable. (c) Factory utilities of $3,200 are payable, prepaid factory property taxes of $3,000 have expired, and depreciation on the factorv building is $9,200 Prepare journal entries for each type of manufacturing cost. (Credit occount tities are outematically indented when onount is entered. Do not indent manualily)