OBLES Corporation incurred the following transactions during April 20x1: 2 Purchased raw materials on account $45,235. 5 Raw Materials of $35,900 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,300 was classified as indirect materials. 15 Factory labor costs incurred were $56,900, of which $52,000 pertained to factory wages payable and $4,900 pertained to employer payroll taxes payable. 17 Time tickets indicated that $49,000 was direct labor and $7,900 was indirect labor. 19 Overhead costs incurred on account were $80,500. 6. Manufacturing overhead was applied at the rate of 120% of direct labor cost. 22 Goods costing $88,000 were completed and transferred to finished goods. 28 Finished goods costing $83,000 to manufacture were sold on account for $119,300.