Crawford 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, of which $50,200 pertained to factory wages payable and $10,500 pertained to employer payroll taxes payable.
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. Depreciation on the company’s office building was $8,500.
7. Manufacturing overhead was applied at the rate of 150% of direct labor cost.
8. Goods costing $93,200 were completed and transferred to finished goods.
9. Finished goods costing $84,300 to manufacture were sold on account for $113,200.

Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

1. Purchased raw materials on account $52,200

Raw Materials $52200 (debit)

Accounts Payable $52200(credit)

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.

Cost of Goods Manufactured $42600(debit)

Materials - Indirect $ 8500(credit)

Materials - Direct $34100(credit)

3. Factory labor costs incurred were $60,700, of which $50,200 pertained to factory wages payable and $10,500 pertained to employer payroll taxes payable.

Cost of Goods Manufactured $50200 (debit)

Salaries and Wages Expense $10500 (debit)

Salaries and Wages Payable $60700 (credit)

4. Time tickets indicated that $55,000 was direct labor and $5,700 was indirect labor.

Salaries and Wages  $60700 (debit)

Direct Labor Indirect labor $55000(debit)

Indirect Labor $5700(credit)

5. Manufacturing overhead costs incurred on account were $81,500.

Cost of Goods Manufactured $81500(credit)

Accounts Payable $81500(credit)

8. Goods costing $93,200 were completed and transferred to finished goods.

Finished Goods Inventory $93200(debit)

Cost of Manufactured Goods $93200(credit)

9. Finished goods costing $84,300 to manufacture were sold on account for $113,200.

(a)Recognition of Cost of goods sold

Cost of Goods Sold $ 84300 (debit)

Finished Goods Inventory $84300(credit)

(b)Recognition of Revenue

Trade Receivables $113200(debit)

Revenue $113200(credit)

Explanation:

1. Purchased raw materials on account $52,200

Recognise an Asset - Raw Materials Inventory.Recognise a Liability - Accounts Payable

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.

Recognise an expense - Cost of Goods Manufactured. Derecognise Asset - Materials (both direct and indirect)

3. Factory labor costs incurred were $60,700, of which $50,200 pertained to factory wages payable and $10,500 pertained to employer payroll taxes payable.

Recognise two expense accounts - Cost of Goods Manufactured for Overheads and Salaries and Wages Expense - for Periodic/Non Manufacturing Costs. Recognise a Liability - Salaries and Wages Payable

4. Time tickets indicated that $55,000 was direct labor and $5,700 was indirect labor.

Recognise the liabilty Salaries and Wages and the Expense Direct and Indirect Labor

5. Manufacturing overhead costs incurred on account were $81,500.

Cost of Goods Manufactured $81500(credit)

Accounts Payable $81500(credit)

8. Goods costing $93,200 were completed and transferred to finished goods.

Finished Goods Inventory $93200(debit)

Cost of Manufactured Goods $93200(credit)

9. Finished goods costing $84,300 to manufacture were sold on account for $113,200.

(a)Recognition of Cost of goods sold

Cost of Goods Sold $ 84300 (debit)

Finished Goods Inventory $84300(credit)

(b)Recognition of Revenue

Trade Receivables $113200(debit)

Revenue $113200(credit)

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

happy to

pls mark as brainliest

it is d i just took the test