Ivanhoe Corporation incurred the following transactions. 1. Purchased raw materials on account $50,060. 2. Raw Materials of $38,880 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7,400 was classified as indirect materials. 3. Factory labor costs incurred were $64,720. 4. Time tickets indicated that $58,320 was direct labor and $6,400 was indirect labor. 5. Manufacturing overhead costs incurred on account were $86,940. 6. 7. Depreciation on the company's office building was $8,720. Manufacturing overhead was applied at the rate of 150% of direct labor cost. 8. Goods costing $95,040 were completed and transferred to finished goods. 9. Finished goods costing $81,000 to manufacture were sold on account for $111,240. Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.)