Carla Vista Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $4,956, Work in Process-Cutting $3,422, Work in Process-Assembly $12,508, and Finished Goods $36,580. During July, the following transactions occurred. 1. Purchased $73,750 of raw materials on account. 2. Incurred $70,800 of factory labor. (Credit Wages Payable.) 3. Incurred $82,600 of manufacturing overhead; $47,200 was paid and the remainder is unpaid. 4. 5. Used factory labor for Cutting $38,940 and Assembly $31,860. 6. 7. Requisitioned materials for Cutting $18,526 and Assembly $10,502. Applied overhead at the rate of $18 per machine hour. Machine hours were Cutting 1.990 and Assembly 2,022. Transferred goods costing $79,768 from the Cutting Department to the Assembly Department. Completed and transferred goods costing $159,182 from Assembly to Finished Goods Inventory. 9. Sold goods costing $177,000 for $236,000 on account. 8. No. Account Titles and Explanation Debit Credit 1. Raw Materials Inventory 2. (to record the cost of goods sold) (Tu record the sale)