Laird Corporation incurred the following transactions.

1. Purchased raw materials on account $46,300.

2. Raw Materials of $36,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,800 was classified as indirect materials.

3. Factory labor costs incurred were $53,900, of which $49,000 pertained to factory wages payable and $4,900 pertained to employer payroll taxes payable.

4. Time tickets indicated that $50,000 was direct labor and $3,900 was indirect labor.

5. Overhead costs incurred on account were $80,500.

6. Manufacturing overhead was applied at the rate of 150% of direct labor cost.

7. Goods costing $88,000 were completed and transferred to finished goods.

8. Finished goods costing $75,000 to manufacture were sold on account for $103,000.


Prepare entries for manufacturing costs. Journalize the following transactions.