Crane Company has two production departments: Cutting and Assembly. During July, the following transactions occurred. 1. Purchased $62,700 of raw materials. 2. Incurred $60,200 of factory labor. 3. Incurred $71,800 of manufacturing overhead. 4. Requisitioned materials for Cutting $16,500 and Assembly $9,800. 5. Used factory labor for Cutting $34,400 and Assembly $25,800. 6. Applied overhead at the rate of $20 per machine hour. Machine hours were Cutting 1,710 and Assembly 1,770. 7. Transferred goods costing $68,710 from the Cutting Department to the Assembly Department. 8. Transferred goods costing $136,400 from Assembly to Finished Goods. 9. Sold goods costing $122,400. Direct materials purchased Factory labor incurred Manufacturing overhead incurred Direct materials used Factory labor assigned LA $ Raw Materials Inventory Manufacturing Overhead assigned Transfer from Cutting to Assembly Transfer from Assembly to Finished Goods Record Cost of Goods Sold MANUFACTURING COSTS LA Factory Labor Manufacturing Ov EA $ 6A $ Cutting WORK IN PROCESS 6A Assembly 6A FINISHED GOODS INVENTORY $ COST OF GOODS SOLD