1. Bonita Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $5,100, Work in Process-Cutting $3,600, Work in Process-Assembly $11,200, and Finished Goods $32,900. During July, the following transactions occurred. Purchased $62,700 of raw materials on account. Incurred $61.400 of factory labor. (Credit Wages Payable.) Incurred $71,600 of manufacturing overhead; $41,700 was paid and the remainder is unpaid. Requisitioned materials for Cutting $17,400 and Assembly $9,900 Used factory labor for Cutting $34,300 and Assembly $27,100. Applied overhead at the rate of $20 per machine hour. Machine hours were Cutting 1,710 and Assembly 1,750. Transferred goods costing $68,950 from the Cutting Department to the Assembly Department. Transferred goods costing $135,400 from Assembly to Finished Goods. Sold goods costing $152,700 for $201.500 on account. 2 3. 4. 5. 6. 7. 8. 9. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually No. Account Titles and Explanation Debit Credit 1. 2