Current Attempt in Progress Douglas Manufacturing Company has two production departments: cutting and assembly, July 1 inventories are Raw Materials $6,020. Work in Process-Cutting $4,760, Work in Process-Assembly $12,670, and Finished Goods $35.250. During huly, the following transactions occurred: 1 2. 3 4 5. Purchased $65.440 of raw materials on account. Incurred $46,880 of factory labour (credit Wages Payable). Incurred $74,940 of manufacturing overhead: $54.990 was paid and the remainder is unpaid. Requisitioned $14,580 in materials for cutting and $11540 in materials for assembly. Used factory labour of $26.710 for cutting and $18,810 for assembly Applied overhead at the rate of $23 per machine hour. Machine hours were 1.650 in cutting and 1.585 in assembly Transferred goods costing $70,300 from the cutting department to the assembly department Transferred goods costing $138.500 from assembly to Finished Goods. Sold goods costing $164,150 for $211.900 on account. 6. 7. 8. 9 the amount is entered Do not indent manually