Exercise 169 CALCULATOR FULL SCREEN PRINTER VERSION BACK 1 2. Fort Corporation had the following transactions during its first month of operations: Purchased raw materials on account, $85,000. Raw Materials of $30,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,000 was classified as indirect materials 3. Factory labor costs incurred were $175,000 4. Time tickets indicated that $145,000 was direct labor and $30,000 was indirect labor S Overhead costs incurred were $198,000 a Manufacturing overhead was applied at the rate of 150% of direct lab cost 7. Goods costing $115,000 are still incomplete at the end of the month; the other goods were completed and transferred to finished goods Finished goods costing $100,000 to manufacture were sold Using the grid below, record the above transactions for Fort Corporation. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45 Manufacturing Costs Work Mai