nRaw materials were purchased for $$68,000.$

Raw Materials of $$24,000$ were requisitioned to the factory. An analysis of the materials requisition slips indicated that

$$4,800$ was classified as indirect materials.

Factory labor costs incurred were $$140,000.$

Time tickets indicated that $$116,000$ was direct labor and $$24,000$ was indirect labor.

Manufacturing overhead costs incurred were $$158,400.$

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

Goods costing $$92,000$ were still incomplete at the end of the month; the other goods were completed and transferred to

finished goods.

Finished goods costing $$80,000$ to manufacture were sold.

Using the grid below, record the above transactions for Blossom Corporation. $($Enter negative amounts using either a negative sign

preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$

Manufacturing Costs

Work in Process Inve