Sandhill Corporation incurred the following transactions. 1. Purchased raw materials on account $45,410. 2. Raw Materials of $35,280 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,700 was classified as indirect materials. 3. Factory labor costs incurred were $58,720, 4. Time tickets indicated that $52,920 was direct labor and $5,800 was indirect labor. 5. 6. 7. 8. 9. Manufacturing overhead costs incurred on account were $78,890. Depreciation on the company's office building was $7,920. Manufacturing overhead was applied at the rate of 150% of direct labor cost. Goods costing $86,240 were completed and transferred to finished goods. Finished goods costing $73,500 to manufacture were sold on account for $100,940.