Cullumber Company has two production departments: Cutting and Assembly. During July, the following transactions occurred. 1. Purchased $64,000 of raw materials. 2. Incurred $61,100 of factory labor. 3. Incurred $73,000 of manufacturing overhead. 4. Requisitioned materials for Cutting $15,900 and Assembly $9,000. 5. Used factory labor for Cutting $33,500 and Assembly $27,600. 6. Applied overhead at the rate of $21 per machine hour. Machine hours were Cutting 1,690 and Assembly 1,780. 7. Transferred goods costing $69,160 from the Cutting Department to the Assembly Department. 8. Transferred goods costing $136,600 from Assembly to Finished Goods. 9. Sold goods costing $122,600. MANUFACTURING COSTS Raw Materials Inventory Factory Labor Manufa 1. Direct materials purchased $ $ $ 2. Factory labor incurred 3. Manufacturing overhead incurred 4. Direct materials used 5. Factory labor assigned 6. Manufacturing Overhead assigned 7. Transfer from Cutting to Assembly 8. Transfer from Assembly to Finished Goods 9. Record Cost of Goods Sold FINISHED GOOD INVENTORY Manufacturing Overhead Cutting Assembly $ $ $ $ FINISHED GOODS INVENTORY COST OF GOODS SOLD $ $