Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help asap 1. 2. 3. Crawford Corporation incurred the following transactions. Purchased raw materials on account $53,800, Raw Materials of $36,500 were requisitioned to the

help asap
image text in transcribed
image text in transcribed
1. 2. 3. Crawford Corporation incurred the following transactions. Purchased raw materials on account $53,800, Raw Materials of $36,500 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,500 was classified as indirect materials. Factorylabor costs incurred were $61,900, of which $50.000 pertained to factory wages payable and $11.900 pertained to employer payroll taxes payable. Time tickets indicated that $54.900 was direct labor and $7,000 was indirect labor 5. Manufacturing overhead costs incurred on account were $82,300. Depreciation on the company's office building was $9,000 Manufacturing overhead was applied at the rate of 160% of direct labor cost. Goods costing $96,600 were completed and transferred to finished goods. Finished goods costing $79,400 to manufacture were sold on account for $106,800. 4. 6. 7. 8 9. Journalize the transactions. (Credit account titles are automatically Indented when amount is entered. Do not indent manually) No. Account Titles and Explanation Debit Credit (1) (2) (3) (4) 9. Finished goods costing $79.400 to manufacture were sold on account for $106.800. Journalize the transactions. (Credit account titles are automatically Indented when amount is entered. Do notIndent manually) No. Account Titles and Explanation (1) Debit Credit (2) (3) (4) (5) (6) (7) (8) (9) To record the sale To record the cost of the sale e Textbook and Media Attempts of used

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Technical Audit A Thoroughfare Of System Perfection MBTA Management By Technical Audit

Authors: Shankar Bakhsh Srivastava

1st Edition

3848483343, 978-3848483341

More Books

Students also viewed these Accounting questions

Question

The Nature of Nonverbal Communication

Answered: 1 week ago

Question

Functions of Nonverbal Communication

Answered: 1 week ago

Question

Nonverbal Communication Codes

Answered: 1 week ago