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journalize these transactions Concord Corporation Incurred the following transactions: 1. Purchased raw materials on account $54,900 2. Raw Materlals of $42.500 were requistioned to the
journalize these transactions
Concord Corporation Incurred the following transactions: 1. Purchased raw materials on account $54,900 2. Raw Materlals of $42.500 were requistioned to the factory. An analysis of the materials requ'sition slips indicated that $8,400 was classified as indirect materfals. 3. Factory labor costs incurred were 567,100 , of which 550,800 pertalned to fact. y wages payabie and 516,300 pertained to employer payroll taxes payable. 4. Timetickets indicated that $54,300 was direct labor and $12,800 was indirec laboe. 5. Manufacturing overthead costs incurred on account were $84,300 : 6. Depreciation on the company's effice bullding was $8,600 7. Manufacturing overhead was appled at the rate of 150 as of direct labor cost. 8. Goods costing 590,400 wert completed and transferitd to finished zoods: 9. Finished zoods costins 582.300 to manufscture were sold on aco hint for 5112.700 Joumakize the transactions, (Credit occoont titles ore Gutomatically indented when amourit is entered Do not indent manuolly Step by Step Solution
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