Torre Corporation incurred the following transactions.
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1.
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Purchased raw materials on account $45,720.
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2.
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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.
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3.
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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.
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4.
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Time tickets indicated that $47,390 was direct labor and $5,730 was indirect labor.
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5.
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Manufacturing overhead costs incurred on account were $80,890.
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6.
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Depreciation on the company’s office building was $7,500.
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7.
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Manufacturing overhead was applied at the rate of 150% of direct labor cost.
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8.
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Goods costing $88,400 were completed and transferred to finished goods.
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9.
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Finished goods (a) costing $75,910 to manufacture were (b) sold on account for
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Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)