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Your answer is partially correct. Try again. rawford Corporation incurred the following transactions. 1. Purchased raw materials on account $46,300. 2. Raw Materials of $36,000
Your answer is partially correct. Try again. rawford 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 $ 3. Factory labor costs incurred were $59,900, of which $51,000 pertained to factory wages payable and $8,900 pertained to employer payroll taxes payable. Time tickets indicated that $54,000 was direct labor and $5,900 was indirect labor. 5. Manufacturing overhead costs incurred on account were $80,500. 6. Depreciation on the company's office building was $8,100. 7. Manufacturing overhead was applied at the rate of 150% of direct labor 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. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 4. No. Account Titles and Explanation Debit Credit 1) Raw Materials Inventory 46300 Accounts Payable 46300 (2) Manufacturing Overhead 6800 Work in Process Inventory 29200 36000
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