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Sunland Corporation incurred the following transactions. 1 Purchased raw materials on account $53,780 2. Raw Materials of $41,760 were requisitioned to the factory. An analysis
Sunland Corporation incurred the following transactions. 1 Purchased raw materials on account $53,780 2. Raw Materials of $41,760 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7.960 was classified as indirect materials Time tickets indicated that $62,640 was direct labor and $6,880 was indirect labor Manufacturing overhead cost incurred on account were $93,380. 3. Factory labor costs incurred were $69.520 4 5. 6. 7 8 9 Depreciation on the company's office building was $9.360. Manufacturing overhead was applied at the rate of 150% of direct labor cost. Goods costing $102,080 were completed and transferred to finished goods. Finished goods costing $87.000 to manufacture were sold on account for $119,480, Journalize the transactions List of debit entries befive credit entries Credit account titles are automatically indented when amoun entered. Do not indent manually) No. Account Titles and Explanation (1) Rave Materials amery Accounts Payable Debit 33780 (2) Work In Process Inversory 33800 Manufacturing Overhead Raw Materials Inversory (3) Factory Wages Payable Employer Pyroly (4) Wark Process Inventory Manuaming Overhea Factory Later (5) Maning Overhead Accounts Parable (6) Depration Exp Mand Overhead 6 ry (W) (V) second 7960 69520 Credit 53700 41760 69520
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