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Please answer this question, correctly. Sandhill Corporation had the following transactions during its first month of operations: 1. Purchased raw materials on account, ( $
Please answer this question, correctly.
Sandhill Corporation had the following transactions during its first month of operations: 1. Purchased raw materials on account, \\( \\$ 83,300 \\). 2. Raw materials of \\( \\$ 29,400 \\) were requisitioned to the factory. An analysis of the materials requisition slips indicated that \\( \\$ 5,880 \\) was classified as indirect materials. 3. Factory labor costs incurred were \\( \\$ 171,500 \\) of which \\( \\$ 142,100 \\) pertained to factory wages payable and \\( \\$ 29,400 \\) pertained to employer payroll taxes payable. 4. Time tickets indicated that \\( \\$ 142,100 \\) was direct labor and \\( \\$ 29,400 \\) was indirect labor. 5. Overhead costs incurred on account were \\( \\$ 194,040 \\). 6. Manufacturing overhead was applied at the rate of \150 of direct labor cost. 7. Goods costing \\( \\$ 112,700 \\) are still incomplete at the end of the month; the other goods were completed and transferred to finished Goods Inventory. 8. Finished Goods Inventory with a cost of \\( \\$ 98,000 \\) was sold on account for \\( \\$ 127,400 \\). Journalize the above transactions for Sandhill Corporation. (Credit account titles are automatically indented when the amount is enterec
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