Reference no: EM13567000

Torre Corporation incurred the following transactions.
1. Purchased raw materials on account $47,690.
2. Raw Materials of $39,530 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7,710 was classified as indirect materials.
3. Factory labor costs incurred were $58,190, of which $50,740 pertained to factory wages payable and $7,450 pertained to employer payroll taxes payable.
4. Time tickets indicated that $51,810 was direct labor and $6,380 was indirect labor.
5. Manufacturing overhead costs incurred on account were $81,870.
6. Depreciation on the company's office building was $8,550.
7. Manufacturing overhead was applied at the rate of 150% of direct labor cost.
8. Goods costing $97,970 were completed and transferred to finished goods.
9. Finished goods costing $84,280 to manufacture were sold on account for $105,840. Journalize the transactions.