Exercise 15-07 Crawford Corporation incurred the following transactions. 1. 2. Purchased raw materials on account $52,200. Raw Materials of $42,600 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,500 was classified as indirect materials. 3. Factory labor costs incurred were $60,700, of which $50,200 pertained to factory wages payable and $10,500 pertained to employer payroll taxes payable. Manufacturing overhead costs incurred on account were $81,500. 4. Time tickets indicated that $55,000 was direct labor and $5,700 was indirect labor. 5. 6. Depreciation on the company's office building was $8,500. Goods costing $93,200 were completed and transferred to finished goods. 7. Manufacturing overhead was applied at the rate of 150% of direct labor cost. 8. 9. Finished goods costing $84,300 to manufacture were sold on account for $113,200. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit