View Policies Current Attempt in Progress Crawford Corporation incurred the following transactions. 1 Purchased raw materials on account $54,500. 2 3. 4. 5. 6. 7 8. 9. Raw Materials of $38,500 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,000 was classified as indirect materials. Factory labor costs incurred were $62,500, of which $50,500 pertained to factory wages payable and $12,000 pertained to employer payroll taxes payable Time tickets indicated that $54,700 was direct labor and $7,800 was indirect labor. Manufacturing overhead costs incurred on account were $84,900. Depreciation on the company's office building was $8,800. Manufacturing overhead was applied at the rate of 150% of direct labor cost. Goods costing $91,400 were completed and transferred to finished goods. Finished goods costing $75,300 to manufacture were sold on account for $109,700.