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Homework answers / question archive / Crawford Corporation incurred the following transactions

Crawford Corporation incurred the following transactions

Accounting

Crawford Corporation incurred the following transactions.
 

1.   Purchased raw materials on account $50,600.
2.   Raw Materials of $42,300 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $9,500 was classified as indirect materials.
3.   Factory labor costs incurred were $65,500, of which $50,900 pertained to factory wages payable and $14,600 pertained to employer payroll taxes payable.
4.   Time tickets indicated that $54,400 was direct labor and $11,100 was indirect labor.
5.   Manufacturing overhead costs incurred on account were $83,100.
6.   Depreciation on the company’s office building was $8,300.
7.   Manufacturing overhead was applied at the rate of 160% of direct labor cost.
8.   Goods costing $92,700 were completed and transferred to finished goods.
9.   Finished goods costing $81,800 to manufacture were sold on account for $112,400.


Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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