Question 18 Crawford Corporation incurred the following transactions. 1. 2. 3. 4. 5. 6. 7. 8. 9. Purchased raw materials on account $53,000. Raw Materials of $41,800 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,700 was classified as indirect materials. Factory labor costs incurred were $60,500, of which $50,600 pertained to factory wages payable and $9,900 pertained to employer payroll taxes payable. Time tickets indicated that $54,800 was direct labor and $5,700 was indirect labor. Manufacturing overhead costs incurred on account were $84,800. Depreciation on the company's office building was $9,000. Manufacturing overhead was applied at the rate of 160% of direct labor cost. Goods costing $94,200 were completed and transferred to finished goods. Finished goods costing $78,200 to manufacture were sold on account for $109,000