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Fort Corporation had the following transactions during its first month of operations: 1. Purchased raw materials on account. $85.000. 2. Raw Materials of $30,000 were

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Fort Corporation had the following transactions during its first month of operations: 1. Purchased raw materials on account. $85.000. 2. Raw Materials of $30,000 were requisitioned to the factory. Ananalysis of the materials requisition slips indicated that $6,000 was classified as indirect materials. 3. Factory labor costs incurred were $175,000 of which $145,000 pertained to factory wases payable and $30,000 pertained to employer payroil taxes payable: 4. Time tickets indicated that $145,000 was direct labor and $30.000 was indirect labor. 5. Overhead costs incurred on account were $198,000. 6. Manufacturing overhead was applied at the rate of 15008 of direct labor cost. 7. Goods costing $115,000 are still incomplete at the end of the monthi the other goods were completed and tramferred to frished goods. 8. Finished goods costing $100,000 to manufacture were sold on account for $130,000. Journalize the above transictions for Fort Corporation. (Recond poumol entries in the order presented in the problem. Credit occount tilles. are outomoticolly indented when the amount is entered. Do not indent manually) 5. 6. 7. 8. (To record sales) (To record cost of goods sold.)

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