Crawford Corporation incurred the following transactions.
- Purchased raw materials on account $46,300.
- Raw materials of $36,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,800 was classified as indirect materials.
- Factory labor cost incurred were $59,000, of which $51,000 pertained to factory wages payable and $8,900 pertained to employer payroll taxes payable.
- Time tickets indicated that $54,000 was direct labor and $5,900 was indirect labor.
- Manufacturing overhead costs incurred on account were $80,500.
- Depreciation on the company's office building was $8,1`00.
- Manufacturing overhead was applied at the rate of 150% of direct labor costs.
- Goods costing $88,000 were completed and transferred to finished goods.
- Finished goods costing $75,000 to manufacture were sold on account $103,000.
Instructions
Journalize the transactions.
Solution
Crawford Corporation
Journal entries
