Sandhill corporation had the transactions during its first month of operations : 1. Purchased raw materials on account $102,000 2. Raw materials of $36000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7200 was classified as indirect materials. 3. Factory labor costs incurred were $210000 of which $174,000 pertained to factory wages payable and $36,000 pertained to employer payroll taxes payable. 4. Time tickets indicated that $174000 was direct labor and $36000 was indirect labor. 5. Overhead costs incurred on account were $237,600. 6. Manufacturing overhead was applied at the rate of 150% of direct labor cost. 7. Goods costing $138000 are still incomplete at the end of the month; the other goods were done and transferred to finished goods inventory. 8. Finished goods inventory with a cost of $120,000 was sold on account for $156,000

No. Account Titles and Explanation Debit Credit I. 2. 3. 4. 5. 6. 7. 8. (To record sales.)