Current Attempt in Progress Finn Manufacturing Company uses a job order cost accounting system and keeps perpetual inventory records. June 15 25 1 Purchased raw materials for $20,000. 8 Raw materials requisitioned by production: Direct $8,000 materials Indirect 1,000 materials Incurred factory utilities, $2,100 and repairs for factory equipment, $8,000. 25 Incurred $108,000 of factory labor. Time tickets indicated the following: (7,000 hrs $12 Direct Labor $84,000 per hr) Indirect Labor (3,000 hrs * $8 per hr) 24,000 $108,000 Applied manufacturing overhead to production based on a predetermined overhead rate of $7 per direct labor hour worked. Goods costing $18,000 were completed in the factory and were transferred to finished goods. Goods costing $15,000 were sold. 25 28 30 Using the grid below, record the transactions during the month of June. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45)) Work in Proces Manufacturing Costs Factory Labor Date Raw Materials Inventory Manufacturing Overhead June 1 $ 20000 $ $ 8 8 15 25 25 25 25 28 30 Using the grid below, record the transactions during the month of June. (Enter negative amounts using either a negative sign preceding the numbereg. -45 or parentheses eg.(45) Work in Process Inventory Finished Goods Inventory Cost of Goods Sold anufacturing Overhead $ 8000