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Business, 21.01.2020 05:31 robert7248

Crawford corporation incurred the following transactions. journalize transactions.1. purchased raw materials on account $53,300.2. raw materials of $36,300 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $8,500 was classified as indirect materials.3. factory labor costs incurred were $60,200, of which $50,800 pertained to factory wages payable and $9,400 pertained to employer payroll taxes payable.4. time tickets indicated that $55,300 was direct labor and $4,900 was indirect labor.5. manufacturing overhead costs incurred on account were $82,500.6. depreciation on the company’s office building was $8,700.7. manufacturing overhead was applied at the rate of 160% of direct labor cost.8. goods costing $98,300 were completed and transferred to finished goods.9. finished goods costing $84,400 to manufacture were sold on account for $107,200.

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