Pharoah Corporation incurred the following transactions 1 2 3 4 5 6 7 8 9 Purchased raw materials on account $51,920 Raw Materials of $40,320 were requisitioned to the factory An analysis of the materials requisition slips indicated that $7,680 was classified as indirect materials Factory labor costs incurred were $67,120 Time tickets indicated that $60,480 was direct labor and $6,640 was indirect labor Manufacturing overhead costs incurred on account were $90,160 Depreciation on the company's office building was $9,040 Manufacturing overhead was applied at the rate of 150 of direct labor cost Goods costing $98,560 were completed and transferred to finished goods Finished goods costing $84,000 to manufacture were sold on account for $115,360 Journalize the transactions (List all debit entries before credit entries Credit account titles are automatically indented when amount is entered Do not indent manually ) No Account Titles and Explanation (1) Raw Materials Inventory Debit Credit Journalize the transactions (List all debit entries before credit entries, Credit account titles are automatically indented when amount is entered Do not indent manually) (7) (8) (9) (To record the sale) (To record the cost of the sale) Pharoah Corporation incurred the following transactions 1 Purchased raw materials on account $51,920 2 Raw Materials of $40,320 were requisitioned to the factory An analysis of the materials requisition slips indicated that $7,680 was classified as indirect materials 3 Factory labor costs incurred were $67,120 4 Time tickets indicated that $60,480 was direct labor and $6,640 was indirect labor 5 Manufacturing overhead costs incurred on account were $90,160 6 Depreciation on the company's office building was $9,040 7 Manufacturing overhead was applied at the rate of 150 of direct labor cost B Goods costing $98,560 were completed and transferred to finished goods 9 Finished goods costing $84,000 to mamufacture were sold on account for $115,360 Journalize the transactions (List all debit entries before credit entries Credit occount titjes are automatically indented when amount is entered Do not indent manually)

Question

Pharoah Corporation incurred the following transactions  1  2  3  4  5  6  7  8  9  Purchased raw materials on account $51,920  Raw Materials of $40,320 were requisitioned to the factory  An analysis of the materials requisition slips indicated that $7,680 was classified as indirect materials  Factory labor costs incurred were $67,120  Time tickets indicated that $60,480 was direct labor and $6,640 was indirect labor  Manufacturing overhead costs incurred on account were $90,160  Depreciation on the company's office building was $9,040  Manufacturing overhead was applied at the rate of 150  of direct labor cost  Goods costing $98,560 were completed and transferred to finished goods  Finished goods costing $84,000 to manufacture were sold on account for $115,360  Journalize the transactions  (List all debit entries before credit entries  Credit account titles are automatically indented when amount is entered  Do not indent manually ) No  Account Titles and Explanation (1) Raw Materials Inventory Debit Credit Journalize the transactions  (List all debit entries before credit entries, Credit account titles are automatically indented when amount is entered  Do not indent manually) (7) (8) (9) (To record the sale) (To record the cost of the sale) Pharoah Corporation incurred the following transactions  1  Purchased raw materials on account $51,920  2  Raw Materials of $40,320 were requisitioned to the factory  An analysis of the materials requisition slips indicated that $7,680 was classified as indirect materials  3  Factory labor costs incurred were $67,120  4  Time tickets indicated that $60,480 was direct labor and $6,640 was indirect labor  5  Manufacturing overhead costs incurred on account were $90,160  6  Depreciation on the company's office building was $9,040  7  Manufacturing overhead was applied at the rate of 150  of direct labor cost  B  Goods costing $98,560 were completed and transferred to finished goods  9  Finished goods costing $84,000 to mamufacture were sold on account for $115,360  Journalize the transactions  (List all debit entries before credit entries  Credit occount titjes are automatically indented when amount is entered  Do not indent manually)

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Pharoah Corporation incurred the following transactions. 1. 2. 3. 4. 5. 6. 7. 8. 9. Purchased raw materials on account $51,920. Raw Materials of $40,320

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