Grill corporation incurred the following transactions


Grill Corporation incurred the following transactions.

  1. Purchased raw materials on account $45,235.

  2. Raw Materials of $35,900 were requisitioned to the factory. An analysis of the mate-

    rials requisition slips indicated that $6,300 was classified as indirect materials.

  3. Factory labor costs incurred were $56,900, of which $52,000 pertained to factory

    wages payable and $4,900 pertained to employer payroll taxes payable.

  4. Time tickets indicated that $49,000 was direct labor and $7,900 was indirect labor.

  5. Overhead costs incurred on account were $80,500.

  6. Manufacturing overhead was applied at the rate of 120% of direct labor cost.

  7. Goods costing $88,000 were completed and transferred to finished goods.

  8. Finished goods costing $83,000 to manufacture were sold on account for $119,300.

Instructions

Journalize the transactions. (Omit explanations.)

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Accounting Basics: Grill corporation incurred the following transactions
Reference No:- TGS01114692

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