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1. 2. 3. 4. 5. 6. 7. 8. 9. Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Purchased raw materials on account $54,710. Raw Materials of $42,480 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,100 was classified as indirect materials. Factory labor costs incurred were $70,720. Time tickets indicated that $63,720 was direct labor and $7,000 was indirect labor. Manufacturing overhead costs incurred on account were $94,990. Depreciation on the company's office building was $9,520. Manufacturing overhead was applied at the rate of 150% of direct labor cost. Goods costing $103,840 were completed and transferred to finished goods. Finished goods costing $88,500 to manufacture were sold on account for $121,540. No. Account Titles and Explanation (1) (2) Raw Materials Inventory Accounts Payable Work in Process Inventory Manufacturing Overhead Raw Materials Inventory Debit Credit 11

1. Purchased raw materials on account $54,710. 2. Raw Materials of $42,480 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,100 was classified as indirect materials. 3. Factory labor costs incurred were $70,720. 4. Time tickets indicated that $63,720 was direct labor and $7,000 was indirect labor. 5. Manufacturing overhead costs incurred on account were $94,990. 6. Depreciation on the company's office building was $9,520. 7. Manufacturing overhead was applied at the rate of 150% of direct labor cost. 8. Goods costing $103,840 were completed and transferred to finished goods. 9. Finished goods costing $88,500 to manufacture were sold on account for $121,540. Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automaticaily indented when amount is entered. Do not indent manually.) 1. Purchased raw materials on account $54,710. 2. Raw Materials of $42,480 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,100 was classified as indirect materials, 3. Factory labor costs incurred were $70,720. 4. Time tickets indicated that $63,720 was direct labor and $7,000 was indirect labor. 5. Manufacturing overhead costs incurred on account were $94,990. 6. Depreciation on the company's office building was $9,520. 7. Manufacturing overhead was applied at the rate of 150% of direct labor cost. 8. Goods costing $103,840 were completed and transferred to finished goods. 9. Finished goods costing $88,500 to manufacture were sold on account for $121.540. Journalize the transactions. (List all debit entries before credit entries. Credit occount titles are outomotically indented when amount is entered. Do not indent manually

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