Business, 06.12.2019 19:31 emely1415

Swifty corporation incurred the following transactions.

1. purchased raw materials on account $53,300.
2. raw materials of $36,300 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 $60,200.
4. time tickets indicated that $55,300 was direct labor and $4,900 was indirect labor.
5. manufacturing overhead costs incurred on account were $82,500.
6. manufacturing overhead was applied at the rate of 160% of direct labor cost.
7. goods costing $98,300 were completed and transferred to finished goods.
8. finished goods costing $84,400 to manufacture were sold.

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Swifty corporation incurred the following transactions.

1. purchased raw materials on a...

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