*Exercise 20-07 Cullumber Corporation incurred the folliowing transactions. 1. Purchased raw materials on account $47,000. Raw Materials of $44,200 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7,300 was classified as indirect materials. Factory labor costs incurred were $60,100, of which $51,000 pertained to factory wages payable and $9,100 pertained to employer payroll taxes pavable 2. 3. Time tickets indicated that $54,400 was direct labor and $5,700 was indirect labor. 4. 5. Manufacturing overhead costs incurred on account were $83,600. 6. Depreciation on the company's office building was $8,600. 7. Manufacturing overhead was applied at the rate of 160% of direct labor cost. Goods costing $94,800 were completed and transferred to finished goods. 8. (sse scl bracn d Finished goods costing $81,800 to manufacture were sold on account for $110,300. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) b n d Credit Debit No. Account Titles and Explanation (1) E to 0adaA noldou (2) (3) (4) 4ieecint uni