Crawford Corporation incurred the following transactions.

1. Purchased raw materials on account $52,200.
2. Raw Materials of $42,600 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 $60,700, of which $50,200 pertained to factory wages payable and $10,500 pertained to employer payroll taxes payable.
4. Time tickets indicated that $55,000 was direct labor and $5,700 was indirect labor.
5. Manufacturing overhead costs incurred on account were $81,500.
6. Depreciation on the company’s office building was $8,500.
7. Manufacturing overhead was applied at the rate of 150% of direct labor cost.
8. Goods costing $93,200 were completed and transferred to finished goods.
9. Finished goods costing $84,300 to manufacture were sold on account for $113,200.

Journalize the transactions.

1. Purchased raw materials on account $52,200.

Account                                  Debit             Credit

Raw Materials Inventory       $52,200

Accounts Payable                                        $52,200

2. Raw Materials of $42,600 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,500 was classified as indirect materials.

Account                                   Debit             Credit

Manufacturing Overhead      $8,500

Work-in-Process Inventory    $34,100

Raw Materials Inventory                              $ 42,600

3. Factory labor costs incurred were $60,700, of which $50,200 pertained to factory wages payable and $10,500 pertained to employer payroll taxes payable.              

Account                                   Debit             Credit        

Factory labor                         $60,700

Wages Payable                                            $50,200  

Payroll Taxes                                                $10,500

4. Time tickets indicated that $55,000 was direct labor and $5,700 was indirect labor.

Account                                   Debit             Credit        

Work-in-Process Inventory    $55,000

Manufacturing Overhead      $5,700

Factory labor                                                $60,700

5. Manufacturing overhead costs incurred on account were $81,500.

Account                                   Debit             Credit        

Manufacturing Overhead      $81,500

Accounts Payable                                         $81,500

6. Depreciation on the company’s office building was $8,500.

Account                                   Debit             Credit        

Depreciation Expense           $8,500

Accumulated Depreciation                          $8,500

7. Manufacturing overhead was applied at the rate of 150% of direct labor cost.

Account                                   Debit             Credit

Work-in-Process Inventory    $82,500

Manufacturing Overhead                            $82,500

8. Goods costing $93,200 were completed and transferred to finished goods.

Account                                   Debit             Credit

Finished Goods Inventory     $84,300

Work-in-Process Inventory                          $84,300

9. Finished goods costing $84,300 to manufacture were sold on account for $113,200.

Account                                   Debit             Credit

Sales                                                              $113,200

Accounts Receivable             $113,200

Cost of Goods Sold                $84,300

Finished Goods Inventory                           $84,300

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