Question: Current Attempt in Progress Your answer is partially correct. Blossom Corporation incurred the following transactions. 1. Purchased raw materiais on account $47,270 2. Raw Materials

 Current Attempt in Progress Your answer is partially correct. Blossom Corporation
incurred the following transactions. 1. Purchased raw materiais on account $47,270 2.
Raw Materials of $36,720 were requisitioned to the factory. An analysis of

Current Attempt in Progress Your answer is partially correct. Blossom Corporation incurred the following transactions. 1. Purchased raw materiais on account $47,270 2. Raw Materials of $36,720 were requisitioned to the factory. An analysis of the materials requiaition slips indicated that $6,980 was classified as indirect materials. 3. Factory labor costs incurred were $61.120. 4. Time tichets indicated that $55,080 was direct labor and $6,040 was indirect labor. 5. Manufacturing owerhead costs incurred on account were $82,110. 6. Depreciation on the companys office building was $8,240. 7. Manutacturing overhead was applied at the rate of 150% of direct labor cost. 8. Goods costing $89,760 were completed and transferred to thistied goods: 9. Finished goods costing $76,500 to manufacture were sold on iccouns for $105,060. Journalize the transactions. List all debit entries before credit entrie. Credit account titles are outamoticaliy indented when amounit is entered Da not indent manualiy? No. Account Titles and Explanation Question 4 of 6 Manufacturing Overhead Factory Labor (5) Manufacturins Overhead Accounts Payable (6) Depreciation Expense Accumulated Depreciation-Buildings (7) Workin Process imventory Manufacturing Overhead (8) Finished Coods imventory Workin Process Inventory (9) Accounts Receivable Soles Revenue (To record the sale) Costof Goods Sold Finished Goods Inventory Finished Goods Inventon (To record the cost of the sale) 82110

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!