1.
Torre Corporation incurred the following transactions.
1. Purchased raw materials on account $48,990.
2.
Raw Materials of $42,870 were requisitioned to the factory. An analysis of the materials
requisition slips indicated that $7,590 was classified as indirect materials.
3.
Factory labor costs incurred were $56,120, of which $52,000 pertained to factory wages
payable and $4,120 pertained to employer payroll taxes payable.
4. Time tickets indicated that $51,110 was direct labor and $5,010 was indirect labor.
5. Manufacturing overhead costs incurred on account were $83,460.
6. Depreciation on the company
Solution
please add this as 6th
Depreciation on the
company