Elder Corporation incurred the following transactions. Purchased raw materials on account $52,100. Raw Materials of $37,900 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7,700 was classified as indirect materials. Factory labor costs incurred were $58,400, of which $50,500 pertained to factory wages payable and $7,900 pertained to employer payroll taxes payable. Time tickets indicated that $53,700 was direct labor and $7,300 was indirect labor. Overhead costs incurred on account were $84,700. Manufacturing overhead was applied at the rate of 150% of direct labor cost. Goods costing $98,600 were completed and transferred to finished goods. Finished goods costing $76,400 to manufacture were sold on account for $111,900. JOURNALIZE THE TRANSACTIONS