Exercise 15-07 Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $49,700. 2. Raw Materials of $41,700 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,100 was classified as indirect materials. 3. Factory labor costs incurred were $61,900, of which $50,500 pertained to factory wages payable and $11,400 pertained to employer payroll taxes payable. 4. 5. Manufacturing overhead costs incurred on account were $83,700. Time tickets indicated that $55,400 was direct labor and $6,500 was indirect labor. 6. Depreciation on the company's office building was $8,900. Goods costing $93,500 were completed and transferred to finished goods. 7. Manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. 9. Finished goods costing $85,100 to manufacture were sold on account for $104,500. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (1) (2)