*Exercise 20-07 Cullumber Corporation incurred the following transactions. 1. 2. 3. 4. 5. 6. 7. 8. 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 Time tickets indicated that $54,400 was direct labor and $5,700 was indirect labor. Manufacturing overhead costs incurred on account were $83,600. Depreciation on the company's office building was $8,600. Manufacturing overhead was applied at the rate of 160% of direct labor cost. Goods costing $94,800 were completed and transferred to finished goods. 2 db 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.) No. Account Titles and Explanation Debit Credito (1) to data noong (4)