Manning Corporation incurred the following transactions.

1. Purchased raw materials on account $52,000.

2. Raw Materials of $45,900 were requisitioned to the factory. An analysis of the materials

requisition slips indicated that $7,500 was classified as indirect materials.

3. Factory labor costs incurred were $87,000. Time tickets indicated that $81,500 was direct labor and the rest was indirect labor

4. Overhead costs incurred on account were $79,500.

5. Factory depreciation was $13,000.

6. Administrative salaries accrued were $25,000.

7. Manufacturing overhead was applied at the rate of 120% of direct labor cost.

8. Goods costing $98,000 were completed and transferred to finished goods.

9. Finished goods costing $83,000 to manufacture were sold on account for $145,000.

Instructions:

Journalize the transactions.