Cullumber Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $5,376, Work in Process - Cutting $3,712, Work in Process - Assembly $13,568, and Finished Goods $39,680. During July, the following transactions occurred. 1. Purchased $80,000 of raw materials on account 2. Incured $76,800 of factory labor. (Credit Wages Payable.) 3. incurred $89,600 of manufacturing overhead; $1,200 was paid and the remainder is unpaid. 4. Requisitioned materials for Cutting $20,096 and Assembly $11,392 5. Used factory labor for Cutting $42,240 and Assembly $34$60 6. Applied overhead at the rate of $18 per machine hour. Machine hours were Cutting 2,160 and Assembly 2,192 7. Transferred goods costing $86,528 from the Cutting Department to the Assembly Department. 8 Completed and tranferred goods costing $172.672 from Assembly to Finished Goods imventory. 9. Sold goods costing $192,000 for $256,000 on account. 6. 7. 8. 9. (To record the cost of goods sold) (To record the sale)