Question $1$ of $2$

Current Attempt in Progress

Pharoah Corporation incurred the following transactions.

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\mathrm{.}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\mathrm{.}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

Debit

Credit

$(1)$

$(2)$

$(3)$

$(4)$

$(5)$

$(6)$

$(7)$

$(8)$

$(9)$