question archive Sunland Corporation incurred the following transactions 1
Subject:AccountingPrice: Bought3
Sunland Corporation incurred the following transactions 1. 2. 3. 4. Purchased raw materials on account $49.400. Raw Materials of $41.300 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,000 was classified as indirect materials. Factory labor costs incurred were $65.200, of which $51.300 pertained to factory wages payable and $13.990 pertained to employer payroll taxes payable. Time tickets indicated that $54.600 was direct labor and $10,600 was indirect labor. Manufacturing overhead costs incurred on account were $84,900, Depreciation on the company's office building was $8,300 Manufacturing overhead was applied at the rate of 150% of direct labor cost Goods costing 596,300 were completed and transferred to finished goods. Finished goods costing $10.700 to manufacture were sold on account for $111.600 5. 6. 7. 8. 9. Journalize the transactions. (Credit account titles are automatically Indented when amount is entered. Do not indent manually) Credit Debit No. Account Titles and Explanation