Oriole corp

Oriole Corporation incurred the following transactions.

Purchased raw materials on account $$54,500.$

Raw Materials of $$38,500$ were requisitioned to the factory. An analysis of the materials requisition slips indicated that $$8,000$ was classified as indirect materials.

Factory labor costs incurred were $$62,500,$ of which $$50,500$ pertained to factory wages payable and $$12,000$ pertained to employer payroll taxes payable.

Time tickets indicated that $$54,700$ was direct labor and $$7,800$ was indirect labor.

Manufacturing overhead costs incurred on account were $$84,900.$

Depreciation on the company's office building was $$8,800.$

Manufacturing overhead was applied at the rate of $150\%$ of direct labor cost.

Goods costing $$91,400$ were completed and transferred to finished goods.

Finished goods costing $$75,300$ to manufacture were sold on account for $$109,700.$