Review sheet 25,000 Journal entries A. Purchased $50,000 raw materials on account Raw materials 50,00 Accounts Payable 50.000 B. Raw Materials of $25,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $5,000 was classified as indirect materials. work In Process 20,00 Manafacturing our lead siooo Raw material C. Factory labor costs incurred were $55,000, of which $50,000 pertained to factory wages payable and $5,000 pertained to employer payroll taxes payable. Factory Labor Payroll taxes Payable D. Time tickets indicated that $40,000 was direct labor and $10,000 was indirect labor. work Infocess 40.000 manufacturing ovirhind 10,000 Factory Labor 50,000 E. Manufacturing overhead was applied at the rate of 130% of direct labor cost. W.IP m.O. F. Goods costing $35,000 were completed and transferred to finished goods. Factory cages Payable Ssiooo otope 5,000 G. Finished goods costing $25,000 to manufacture were sold on account for $30,000. - Finished Goods Inventory Work In preces