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Fill out the table below using the information above. Vaughn Corporation incurred the following transactions. 1. Purchased raw materials on account $53,000. 2. Raw Materials

Fill out the table below using the information above.

image text in transcribed Vaughn Corporation incurred the following transactions. 1. Purchased raw materials on account $53,000. 2. Raw Materials of $45,200 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. Factory labor costs incurred were $65,400. 4. Time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. Manufacturing overhead costs incurred on account were $81,700. 6. Manufacturing overhead was applied at the rate of 160% of direct labor cost. 7. Goods costing $89,400 were completed and transferred to finished goods. 8. Finished goods costing $76,000 to manufacture were sold

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