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Please fill out based on the image below. Do not give me the debits and credits for each entry. Please do let me know where
Please fill out based on the image below. Do not give me the debits and credits for each entry. Please do let me know where each line items falls on the below image.
1. | Purchased raw materials on account $50,600. | |
2. | Raw Materials of $42,300 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $9,500 was classified as indirect materials. | |
3. | Factory labor costs incurred were $65,500. | |
4. | Time tickets indicated that $54,400 was direct labor and $11,100 was indirect labor. | |
5. | Manufacturing overhead costs incurred on account were $83,100. | |
6. | Manufacturing overhead was applied at the rate of 160% of direct labor cost. | |
7. | Goods costing $92,700 were completed and transferred to finished goods. | |
8. | Finished goods costing $81,800 to manufacture were sold. |
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