13A-4 (LO z), AP Schrager Company has two production departments: Cutting anit Assembly. During, July, the following transactions oceurred. 1. Purchased $62,500 of raw materials. 2. Incerred $60,000 of factory babor. 3. Incurred $70,000 of manufacturing owerhead. 4. Requisitioned thaterials for Catting \$15,700 and Assembly \$8,900. 5. Uacd factory labor for Cutting \$33,000 and Assembly \$27,000. 6. Applied overhead at the rate of $18 per machine hour. Machine hours wre Cutting 1,680 and Assembly 1,720. 7. Transferred poods costing, $67,600 from the Catting Department to the Assembly Department. 8. Transferred goods conting \$100,000 from Assembly to Finished Goods. 9. Sold goods costing 505,000 . Instructions Record the transactions tieine the follinwine format. 13A-4 (LO z), AP Schrager Company has two production departments: Cutting anit Assembly. During, July, the following transactions oceurred. 1. Purchased $62,500 of raw materials. 2. Incerred $60,000 of factory babor. 3. Incurred $70,000 of manufacturing owerhead. 4. Requisitioned thaterials for Catting \$15,700 and Assembly \$8,900. 5. Uacd factory labor for Cutting \$33,000 and Assembly \$27,000. 6. Applied overhead at the rate of $18 per machine hour. Machine hours wre Cutting 1,680 and Assembly 1,720. 7. Transferred poods costing, $67,600 from the Catting Department to the Assembly Department. 8. Transferred goods conting \$100,000 from Assembly to Finished Goods. 9. Sold goods costing 505,000 . Instructions Record the transactions tieine the follinwine format