Question
Torre Corporation incurred the following transactions. 1.Purchased raw materials on account $46,300. 2.Raw materials of $36,000 were requisitioned to the factory. An analysis of the
Torre Corporation incurred the following transactions.
1.Purchased raw materials on account $46,300. 2.Raw materials of $36,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,800 was classified as indirect materials. 3.Factory labour costs incurred were $55,900. 4.Time tickets indicated that $50,000 was direct labour and $5,900 was indirect labour. 5.Manufacturing overhead costs incurred on account were $80,500. 6.Depreciation on the companys office building was $8,100. 7.Manufacturing overhead was applied at the rate of 150% of direct labour cost. 8.Goods costing $88,000 were completed and transferred to finished goods. 9.Finished goods costing $75,000 to manufacture were sold on account for $103,000.
Please teach me how to write T-account.
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