Question: I only need the answers for the red boxes. I tried factory wages paypal on the left but it was wrong too. Ivanhoe Corporation incurred

I only need the answers for the red boxes.
I tried factory wages paypal on the left but it was wrong too.
I only need the answers for the red boxes. I tried factory
wages paypal on the left but it was wrong too. Ivanhoe Corporation

Ivanhoe Corporation incurred the following transactions. 1. Purchased raw materials on account $39,830. 2. Raw Materials of $30,960 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $5,860 was classified as indirect materials. 3. Factory labor costs incurred were $51,520. 4. Time tickets indicated that $46,440 was direct labor and $5,080 was indirect labor. 5. Manufacturing overhead costs incurred on account were $69.230. 6. Depreciation on the company's office building was $6,960. 7 Manufacturing overhead was applied at the rate of 150% of direct labor cost. Goods costing $75,680 were completed and transferred to finished goods. Finished goods costing $64,500 to manufacture were sold on account for $88,580. 8. 9. Journally the No. Account Titles and Explanation Debit Credit (1) Raw Materials Inventory 39830 Accounts Payable 39830 (2) Work in Process Inventory 30960 Manufacturing Overhead 5860 Raw Materials inventory DO TANTE 36820 (3) Factory Labor 51520 Salaries and Wages Payable 51520

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