Crawford Corporation incurred the following transactions.
1. Purchased raw materials on account $53,000.
2. Raw Materials of $36,100 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7,400 was classified as indirect materials.
3. Factory labor costs incurred were $61,300, of which $51,200 pertained to factory wages payable and $10,100 pertained to employer payroll taxes payable.
4. Time tickets indicated that $54,300 was direct labor and $7,000 was indirect labor.
5. Manufacturing overhead costs incurred on account were $82,000.
6. Depreciation on the company’s office building was $8,800.
7. Manufacturing overhead was applied at the rate of 160% of direct labor cost.
8. Goods costing $92,200 were completed and transferred to finished goods.
9. Finished goods costing $80,900 to manufacture were sold on account for $106,300.