Cullumber Company has two production departments Cutting and Assembly, July 1 inventories are Raw Materials $4,452 Work in Process-Cutting $3,074, Work in Process-Assembly $ 11,236, and Finished Goods $ 32,860. During July, the following transactions occurred 1 2 3. 4. 5. Purchased $ 66.250 of raw materials on account. Incurred $ 63,600 of factory labor. (Credit Wages Payable.) Incurred $ 74.200 of manufacturing overhead; $ 42,400 was paid and the remainder is unpaid. Requisitioned materials for Cutting $ 16,642 and Assembly $ 9,434. Used factory labor for Cutting $ 34,980 and Assembly $ 28,620 Applied overhead at the rate of $ 18 per machine hour. Machine hours were Cutting 1.786 and Assembly 1,818. Transferred goods costing $ 71,656 from the Cutting Department to the Assembly Department Completed and transferred goods costing $ 142.994 from Assembly to Finished Goods Inventory Sold goods costing $ 159,000 for $ 212.000 on account 6. 7 8 9. Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2. 3. 5 . 6. 7 8. 9. (To record the cost of goods sold) (To record the sale)