Crane Company has two production departments: Cutting and Assembly, July 1 invertories are Raw Materials $4,300. Work in Process-Cutting $3,000, Work in Process-Assembly $10.700, and Finished Goods $32,000. During July, the following transactions occurred. 1. 2. 3 5. 6. 7 Purchased $62,600 of raw materials on account. Incurred $60,100 of factory labor. (Credit Wages Payable.) Incurred $71,000 of manufacturing overhead: $41,000 was paid and the remainder is unpaid. Requisitioned materials for Cutting $15,800 and Assembly $9.000. Used factory labor for Cutting $33,100 and Assembly $27.000 Applied overhead at the rate of $19 per machine hour. Machine hours were Cutting 1,690 and Assembly 1.750. Transferred goods costing $67.700 from the Cutting Department to the Assembly Department. Transferred goods costing $135,000 from Assembly to Finished Goods Sold goods costing $151,000 for $201,000 on account 8 9 Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually)