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Current Attempt in Progress Marigold Corporation incurred the following transactions. Purchased raw materials on account $52,200. Raw Materials of $42,600 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,500 was classified as indirect materials. Factory labor costs incurred were $60,700. Time tickets indicated that $55,000 was direct labor and $5,700 was indirect labor. 5. Manufacturing overhead costs incurred on account were $81,500. 6. Manufacturing overhead was applied at the rate of 150% of direct labor cost. Goods costing $93,200 were completed and transferred to finished goods. Finished goods costing $84,300 to manufacture were sold. 1. 2. 3. 4. 7. 8.

Record the transactions. (Enter negative amounts using either a negative sign preceding the number e.8. -45 or parentheses e.8.(45). Marigold Corporation incurred the following transactions. 1. Purchased raw materials on account $52,200. 2. Raw Materials of $42,600 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,500 was classified as indirect materials. 3. Factory labor costs incurred were $60,700. 4. Time tickets indicated that $55,000 was direct labor and $5,700 was indirect labor. 5. Manufacturing overhead costs incurred on account were $81,500. 6. Manufacturing overhead was applied at the rate of 150% of direct labor cost. 7. Goods costing $93,200 were completed and transferred to finished goods. 8. Finished goods costing $84,300 to manufacture were sold. Record the transactions. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 2. Indirect materials 3. Incurred factory labor 4. Direct labor 4. Indirect labor 5. Overhead costs incurred 6. Assigned overhead 7. Completed goods 8. Goods sold Ending Balance 8,500 60.700 55.000 5,700 5,700 81,500

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