bjerg corporation incurred several costs prepare entries for manufacturing costs 491684

Bjerg Corporation incurred several costs. Prepare entries for manufacturing costs.

Journalize the following transactions.

1. Purchased raw materials on account $46,300

2. Raw Materials of $36,000 were requisitioned to the factory. An analysis of the materials requisition slips indicates that $6,800 was classified as indirect materials.

3. Factory labor costs incurred were $53,900, of which $49,000 pertained to factory wages payable and $4,900 pertained to employer payroll taxes payable.

4. Time tickets indicated that $48,000 was direct labor and $5,900 was indirect labor.

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

6. Manufacturing overhead was applied at the rate of 150% of direct labor cost.

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

8. Finished goods costing $75,000 to manufacture were sold on account for $103,000.