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CALCULATOR PRINTER VERSION 4 BACK JRCES ment (Part indirect materials (Part Sheffield Corporation incurred the following transactions 1. Purchased raw materials on account $55,600 2. Raw Materials of $36,400 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $9,600 was dassified 3. Factory labor costs incurred were $65,100. Time tickets indicated that $55,700 was direct labor and $9,400 was indirect labor. 5. Manufacturing overhead costs incurred on account were $85,500. 6 Manufacturing overhead was applied at the rate of 160% of direct labor cost. 7 Goods costing $94,000 were completed and transferred to finished goods. B Finished goods costing $80,200 to manufacture were sold. & (Part Study Record the transactions. (Enter negative amounts using either a negative sign preceding the number eg 45 or parentheses e.g. (45).) Manufacturing Costs Raw Materials Inventory Factory Labor Manufacturing Overhead Work in Process Inventory Finished Goods Inventory Cost of Goods Sold 1. Purchased raw materials $ 2. Direct materials 2. Indirect materials 3. Incurred factory labor 4. Direct labor 4. Indirect labor 5. Overhead costs incurred 6. Assigned overhead 7. Completed goods 8. Goods sold Click I VOI would like to Show Work for this

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