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M. Scott Corporation incurred the following transactions 1. Purchased raw materials on account $29,600. 2. Raw Materials of $28.200 were requisitioned to the factory, An analysis of the materials requisition slips indicated that $3,000 was classified as indirect materials 3. Factory labor costs incurred were $42,600, based on 2.130 hours worked, 4. Time tickets indicated that 1,704 hour, or $34,080 was direct labor and 426 hours or $8,520 was indirect labor. 5. Manufacturing overhead costs incurred on account were $63,700. 6. Manufacturing overhead was applied at the rate of 536 per direct labor hour. Goods costing $72,300 were completed and transferred to finished goods. 8. Finished goods costing $60,900 to manufacture were sold, Required: Using the attached template, record the transactions listed above. Attach the completed file as your answer. (Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheses ef. (45).) THE FORMAT"inharder 7 MANUFACTURING COSTS Factory Manufacturing Labour Overhead Raw Materiale Inventory No. Description Purchased raw materials Work in Process Inventory Fished Goods Inventory Cost of Goods Sold 5 12 Direct materials $ 12 Indirect material S 13. incurred factory labour S 2 14 Direct labour 5 Indirect labour $ $ 25. Dhead costs incurred 21 6. Assigned overhead 5 17. Completed goods S Completed goods

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