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please answer 1-10 Corporation incurred the following transactions. 1. Purchased raw materials on account $48,000. 2. Raw Materials of $43,900 were requisitioned to the factory.

please answer 1-10

Corporation incurred the following transactions.

1. Purchased raw materials on account $48,000.

2. Raw Materials of $43,900 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7,000 of this was classified as indirect materials and the balance was direct material.

3. Factory labor costs incurred were $87,000. Time tickets indicated that $82,000 was direct labor and the rest was indirect labor. Direct laborers were paid at a rate of $20 per hour.

4. Rent incurred was $79,500. 70% was for the factory and 30% was for the corporate offices.

5. Factory depreciation was $13,000.

6. Administrative salaries accrued were $25,000.

7. Advertising costs of $10,000 were incurred on account.

8. Manufacturing overhead was applied at the rate of $16 per direct labor hour.

9. Goods costing $90,000 were completed and transferred to finished goods.

10. Finished goods costing $80,000 to manufacture were sold for $120,000.

Instructions:

Journalize the transactions.

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