Question - Torre Corporation incurred the following transactions.
1. Purchased raw materials on account $45,720.
2. Raw Materials of $35,220 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7,070 was classified as indirect materials.
3. Factory labor costs incurred were $53,120, of which $50,230 pertained to factory wages payable and $2,890 pertained to employer payroll taxes payable.
4. Time tickets indicated that $47,390 was direct labor and $5,730 was indirect labor.
5. Manufacturing overhead costs incurred on account were $80,890.
6. Depreciation on the company's office building was $7,500.
7. Manufacturing overhead was applied at the rate of 150% of direct labor cost.
8. Goods costing $88,400 were completed and transferred to finished goods.
9. Finished goods (a) costing $75,910 to manufacture were (b) sold on account for $102,130.
Journalize the transactions.