Question: Fill out the table below using the information above. Vaughn Corporation incurred the following transactions. 1. Purchased raw materials on account $53,000. 2. Raw Materials

Fill out the table below using the information above.

Fill out the table below using the information above. Vaughn Corporation incurred

Vaughn Corporation incurred the following transactions. 1. Purchased raw materials on account $53,000. 2. Raw Materials of $45,200 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. Factory labor costs incurred were $65,400. 4. Time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. Manufacturing overhead costs incurred on account were $81,700. 6. Manufacturing overhead was applied at the rate of 160% of direct labor cost. 7. Goods costing $89,400 were completed and transferred to finished goods. 8. Finished goods costing $76,000 to manufacture were sold

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