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Pharoah Corporation incurred the following transactions. Purchased raw materials on account $ 4 1 , 6 9 0 . Raw Materials of $ 3 2

Pharoah Corporation incurred the following transactions.
Purchased raw materials on account $41,690.
Raw Materials of $32,400 were requisitioned to the factory. An analysis of the materials requisition slips indicated th
$6,140 was classified as indirect materials.
Factory labor costs incurred were $53,920.
Time tickets indicated that $48,600 was direct labor and $5,320 was indirect labor:
Manufacturing overhead costs incurred on account were $72450.
Depreciation on the company's office building was $7,280
Manufacturing overhead was applied at the rate of 150% of direct labor cost
Goods costing $79,200 were completed and transferred to finished goods
Finished goods costing $67,500 to manufacture were sold on account for $92,700,
entered. Do not indent manually)
No. Account Titles and Explanation
Credit
(1)
(2)
(3)
(4)
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