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fill out chart 1. Purchased raw materials on account $42,620. 2. Raw Materials of $33,120 were requisitioned to the factory. An analysis of the materials

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1. Purchased raw materials on account $42,620. 2. Raw Materials of $33,120 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,280 was classified as indirect materials. 3. Factory labor costs incurred were $55,120, 4. Time tickets indicated that $49,680 was direct labor and $5,440 was indirect labor. 5. Manufacturing overhead costs incurred on account were $74,060. 6. Depreciation on the company's office building was $7,440. 7. Manufacturing overhead was applied at the rate of 150% of direct labor cost. 8. Goods costing $80,960 were completed and transferred to finished goods. 9. Finished goods costing $69,000 to manufacture were sold on account for $94,760. Journalize the transactions. (List all debit entries before credit entries. Credit occount titles are automatically indented when amount is entered. Do not indent manuolly) (1) Raw Materials Inwentory. 42620 Accounts Payable (2) Work in Process Inventory 44240 Mamsiacturing Overhead 42620 Row Materials imventory (3) Work in Process Inwentory Manufacturing Overhead (4) FactoryWages Parable Manutacturine Overhead Accounts Payable (5) Manufacturing Overhead Accumulated Depreciation-Buildings (6) Service Salaries and Wages Manufacturing Overhead (7) Work in Process inventory 82680 Manufacturing Overhead (8) Finished Goods Inventory 80960 Work in Process Inventory (9) Accounts Receivable 94760 Sales Revenue 94760

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