Sandhill Corporation had the following transactions during its first month of operations: 1. Purchased raw materials on account, $83,300. 2. 3. 4. 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. 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. 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. 7. Manufacturing overhead was applied at the rate of 150% of direct labor cost. 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 entered. Do not indent manually. List all debit entries before credit entries.) No. Account Titles and Explanation 1. Raw Materials Inventory Accounts Payable 2. Work in Process Inventory Manufacturing Overhead Raw Materials Inventory 3. Factory Labor Factory Wages Payable 4. Employer Payroll Taxes Payable Work in Process Inventory Manufacturing Overhead 5. Factory Labor Manufacturing Overhead 6. Accounts Payable Work in Process Inventory 7. Manufacturing Overhead Finished Goods Inventory 8. Work in Process Inventory (To record sales.) (To record cost of goods sold.) Debit 83300 23520 5880 171500 Credit 83300 29400 142100 29400