Exercise 20-7

Crawford Corporation incurred the following transactions.

1.		Purchased raw materials on account $53,600.
2.		Raw Materials of $44,800 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $9,600 was classified as indirect materials.
3.		Factory labor costs incurred were $66,300, of which $51,500 pertained to factory wages payable and $14,800 pertained to employer payroll taxes payable.
4.		Time tickets indicated that $55,200 was direct labor and $11,100 was indirect labor.
5.		Manufacturing overhead costs incurred on account were $85,200.
6.		Depreciation on the companys office building was $8,400.
7.		Manufacturing overhead was applied at the rate of 150% of direct labor cost.
8.		Goods costing $98,400 were completed and transferred to finished goods.
9.		Finished goods costing $82,700 to manufacture were sold on account for $108,400.

Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)