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help with journal entry Carla Vista Corporation had the following transactions during its first month of operations: 1. Purchased raw materials on account, $81,600. 2.

help with journal entry
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Carla Vista Corporation had the following transactions during its first month of operations: 1. Purchased raw materials on account, $81,600. 2. Raw materials of $28,800 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $5,760 was classified as indirect materials. 3. Factory labor costs incurred were $168,000 of which $139,200 pertained to factory wages payable and $28,800 pertained to employer payroll taxes payable. 4. Time tickets indicated that $139,200 was direct labor and $28,800 was indirect labor. 5. Overhead costs incurred on account were $190,080. 6. Manufacturing overhead was applied at the rate of 150% of direct labor cost. 7. Goods costing $110,400 are still incomplete at the end of the month; the other goods were completed and transferred to finished Goods Inventory. 8. Finished Goods Inventory with a cost of $96,000 was sold on account for $124,800. Journalize the above transactions for Carla Vista Corporation. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)

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