Biossom Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $5,208, Work in Process - Cutting $3,596, Workin Process-Assembly $13,144, and Finished Goods $38,440. During July, the following transactions occurred. 1. Purchased $77.500 of raw materials on account. 2. Incurred $74,400 of factory labor. (Credit Wages Payable) 3. Incurred $86,800 of manufacturing overhead; $49,600 was paid and the remainder is unpaid, 4. Requisitioned materials for Cutting $19,468 and Assembly $11,036. 5. Used factory labor for Cutting $40,920 and Assembly $33,480. 6. Applied overhead at the rate of $18 per machine hour. Machine hours were Cutting 2,092 and Assembly 2,124. 7. Transferred goods costing $83,824 from the Cutting Department to the Assembly Department. 8. Completed and transferred goods costing $167,276 from Assembly to Finished Goods inventory. 9. Sold goods costing $186,000 for $248,000 on account. Journalize the transactions. (List all debit entries before credit entries. Credit occount titles are outomatically indented when amount is entered. Do not indent manually.) Question 1 of 1 0.31/3 No. Account Titles and Explanation 1. 2. 3. 4. 5. Question 1 of 1 6. 7. 8. 9. (To record the cost of goods sold)