Arthur, Inc uses a perpetual inventory system with process costing Joumalize the following transactions for Arthur, Inc : (Record debits first, then credits. Exchude explanations from any joumal entries) 1. Purchased raw materials for $74,000 on account. 2. The company has two processing departments, Department A and Departmont B. Direct materials were assigned of $55,000 to Department A and $26.000 to Department B. Also, $3.500 of indirect materials accumulated in production. 4. The company incurred $7,100 in machinery depreciation for equipment 5. Allocated indirect costs were $4,600 to Department A and $4,100 to Department B 8. The company sold 29,000 units with a total cost of $50,000 on account The sales price was $80,000 Begin by recording the sales. The cost of goods sold will be recoded in the next journal entry 9. Overhead was underallocated by $900