Exercise 2-7 (Video) Crawford Corporation incurred the following transactions 1. Purchased raw materials on account $46,400. 2. Raw Materials of $36,100 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,900 was classified as indirect materials. 3. Factory labor costs incurred were $60,000, of which $50,000 pertained to factory wages payable and $10,000 pertained to employer payroll taxes payable. 4. Time tickets indicated that $54,100 was direct labor and $5,900 was indirect labor. 5. Manufacturing overhead costs incurred on account were $81,500. 6. Depreciation on the company's office building was $8,100. 7. Manufacturing overhead was applied at the rate of 150% of direct labor cost. 8. Goods costing $89,000 were completed and transferred to finished goods. 9. Finished goods costing $75,100 to manufacture were sold on account for $104,000. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit