Exercise 15-7 Crawford Corporation incurred the following transactions 1. Purchased raw materials on account $53,000 2. Raw Materials of $45,200 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials 3. Factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable 4. Time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor 5. Manufacturing overhead costs incurred on account were $81,700 6. Depreciation on the company's office building was $8,100 Manufacturing overhead was applied at the rate of 160% of direct labor cost. Goods costing $89,400 were completed and transferred to finished goods. 8. 9. Finished goods costing $76,000 to manufacture were sold on account for $105,100 Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit