Torre corporation incurred the following transactions. 1.purchased


Torre Corporation incurred the following transactions.



Purchased raw materials on account $48,430.



Raw Materials of $39,990 were requisitioned to the factory. An analysis   of the materials requisition slips indicated that $8,450 was classified as   indirect materials.



Factory labor costs incurred were $63,960, of which $50,440 pertained to   factory wages payable and $13,520 pertained to employer payroll taxes   payable.



Time tickets indicated that $51,310 was direct labor and $12,650 was   indirect labor.



Manufacturing overhead costs incurred on account were $83,950.



Depreciation on the company�s office building was $8,990.



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



Goods costing $94,640 were completed and transferred to finished goods.



Finished goods costing $78,100 to manufacture were sold on account for   $105,360.


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