Reference no: EM131810250
Crawford Corporation incurred the following transactions.
1. Purchased raw materials on account $52,700.
2. Raw Materials of $42,700 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,600 was classified as indirect materials.
3. Factory labor costs incurred were $67,600, of which $50,300 pertained to factory wages payable and $17,300 pertained to employer payroll taxes payable.
4. Time tickets indicated that $55,500 was direct labor and $12,100 was indirect labor.
5. Manufacturing overhead costs incurred on account were $81,800.
6. Depreciation on the company's office building was $8,800.
7. Manufacturing overhead was applied at the rate of 160% of direct labor cost.
8. Goods costing $90,500 were completed and transferred to finished goods.
9. Finished goods costing $78,000 to manufacture were sold on account for $107,100.
Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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