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CALCULATOR FULL SCREEN PRINTER VERSON BACK Exercise 169 Fort Corporation had the following transactions during...

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CALCULATOR FULL SCREEN PRINTER VERSON BACK Exercise 169 Fort Corporation had the following transactions during its first month of operations: 1. Purchased raw materials on account, $85,000. Raw Materials of $30,000 were requisitioned to the factory. An analysis of the materials requisition sigs ndated that ss,000 was classified as indirect materials Factory labor costs inourred were $175,000 of which $145,000 pertained to factory wages payable and $30,000 pertained to employer payroll taxes payable. 4. Time tickets indicated that $145,000 was direct labor and $30,000 was indirect labor 5. Overhead costs incurred on account were $198,000 6. Manufacturing overhead was applied at the rate of 150% of direct labor cost. 7Goods costing $115,000 are still incomplete at the end of the month; the other goods were completed and transferred to finished 8. Finished goods costing $100,000 to manufacture were sold on account for $130,000 Journalize the above transactions for Fort Corporation. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually) No. Account Titles and Explanation 6 8 9

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