Current Attempt in Progress Bonita Company has two production departments Cutting and Assembly July 1 inventories are Raw Materials $4,700, Workin Process-Cutting $3.200, Work in Process-Assembly $10,800, and Finished Goods $32,700. During July, the following transactions occurred 8 5. 6. 7. 9. 1 2. 3. Purchased $63.000 of raw materials on account Incurred $60,700 of factory labor. (Credit Wages Payable) Incurred $72,600 of manufacturing overhead: $42.800 was paid and the remainder is unpaid Requisitioned materials for Cutting $15.800 and Assembly $9.100 Used factory labor for Cutting $34,000 and Assembly $26,700. Applied overhead at the rate d 519 per machine hour. Machine hours were Cutting 1.690 and Assembly 1,750. Transferred goods costing $69.410 from the Cutting Department to the Assembly Department Transferred goods costing $135,900 from Assembly to Finished Goods Sold goods costing $151,300 for $202.000 on account. Journaline the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manual No. Account Titles and Explanation 1. 2. 3. Debit Credit 1 7. 1 (To record the cost of goods sold)