Journalize the transactions of grill corporation

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Reference no: EM13834448

Grill Corporation incurred the following transactions.

Purchased raw materials on account $45,235.
Raw Materials of $35,900 were requisitioned to the factory. An analysis of the mate-

rials requisition slips indicated that $6,300 was classified as indirect materials.
Factory labor costs incurred were $56,900, of which $52,000 pertained to factory

wages payable and $4,900 pertained to employer payroll taxes payable.
Time tickets indicated that $49,000 was direct labor and $7,900 was indirect labor.
Overhead costs incurred on account were $80,500.
Manufacturing overhead was applied at the rate of 120% of direct labor cost.
Goods costing $88,000 were completed and transferred to finished goods.
Finished goods costing $83,000 to manufacture were sold on account for $119,300.

Instructions

Journalize the transactions. (Omit explanations.)

Reference no: EM13834448

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