E20-2 Rod Mary Corporation Incurred the following transaction 1. Purchased raw materials on account 546,300. 2. Raw materials of $36,000 were requisitioned to the factory. An analysis of the materials requisition slipa indicated that 56,000 w classified as indirect materials. 3. Factory tabor costs incurred were 555,900, of which 551,000 pertained to factory wages payable and $4,900 pertained to employer payroll taxes payable. 4. Time tickets indicated that $50,000 was direct labor and 55.900 was indirect labor. 5. Manufacturing overhead costs incurred on account were $80,500. 6. Depreciation on the company's office building was 58,100. 7. Manufacturing overhead was applied at the rate of 150% of direct labor cost. 8. Goods costing $68,000 were completed and transferred to sinished goods. 9. Finished goods costing $75,000 to manufacture were sold on account for $103,000. Instructions: Journalize the transactions. Omit explanations.) E20-3 Lolual Corporation begins operations on April 1. Information from Job cost sheets shows the following Manufacturing Costs Assigned April May June Job Number 10 11 12 13 14 $5,200 4,100 1,200 $4,400 3,000 52.000 Month Completed May June April June Not complete 4,700 5,900 4,500 3.600 Job 12 was completed in April Job 10 was completed in May. Jobs 11 and 13 were completed in June. Each job was sold for 25% above it cost in the month following completion. Instructions: (a) What is the balance in Work in Process inventory at the end of each month? (6) What is the balance in Finished Goods Inventory at the end of each month? (c) What is the gross profit for May, June, and July