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Marigold Corporation incurred the following transactions. 1. Purchased raw materials on account $52,200. 2. Raw Materials of $42,600 were requisitioned to the factory. An analysis
Marigold Corporation incurred the following transactions. 1. Purchased raw materials on account $52,200. 2. Raw Materials of $42,600 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,500 was classified as indirect materials. 3. Factory labor costs incurred were $60,700. 4. Time tickets indicated that $55,000 was direct labor and $5,700 was indirect labor. 5. Manufacturing overhead costs incurred on account were $81,500. 6. Manufacturing overhead was applied at the rate of 150% of direct labor cost. 7 . Goods costing $93,200 were completed and transferred to finished goods. 8. Finished goods costing $84,300 to manufacture were sold. Record the transactions. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)Record the transactions. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Manufacturing Costs Raw Materials Inventory Factory Labor Manufacturing Overhead $ $ to 1. Purchased raw materials 2. Direct materials 2. Indirect materials 3. Incurred factory labor 4. Direct labor 4. Indirect labor 5. Overhead costs incurred 6. Assigned overhead 7. Completed goods 8. Goods sold Ending Balance $ $ LA O mexi EM 23'C Light rain ~ 9 0 0 (7 4) ENG 07:20 AM Type here to search 12-09-2022Manufacturing Costs Raw Materials Inventory Factory Labor Manufacturing Overhead Work in Process Inventory to $ $ to $ 07:21 AM Type here to search X X * O m mexi w 23'C Light rain ~ 9 0 0 / ) ENG 12-09-2022Manufacturing Overhead Work in Process Inventory Finished Goods Inventory Cost of Goods Sold $ $ $ $ $ S Type here to search O 23.C Light rain ~ 9 0 0 ( ) ENG 07:22 AM 12-09-2022
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