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View Policies Current Attempt in Progress Crawford Corporation incurred the following transactions, 1 2. 3. 4. Purchased raw materials on account $53,300. Raw Materials of

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View Policies Current Attempt in Progress Crawford Corporation incurred the following transactions, 1 2. 3. 4. Purchased raw materials on account $53,300. Raw Materials of $36,300 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,500 was classified as indirect materials. Factory labor costs incurred were $60,200, of which $50,800 pertained to factory wages payable and $9,400 pertained to employer payroll taxes payable. Time tickets indicated that $55,300 was direct labor and $4.900 was indirect labor. Manufacturing overhead costs incurred on account were $82,500. Depreciation on the company's office building was $8,700. Manufacturing overhead was applied at the rate of 160% of direct labor cost. Goods costing $98,300 were completed and transferred to finished goods. Finished goods costing $84,400 to manufacture were sold on account for $107,200. 5. 6. 7. 8. 9. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Credit No. Account Titles and Explanation (1) w 24 tv

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