Current Attempt in Progress Schrager Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $5,200. Work in Process-Cutting $3,200, Work in Process-Assembly $10,900. and Finished Goods $32.400. During July, the following transactions occurred. 1. Purchased $62.700 of raw materials on account. 2 Incurred $60,200 of factory labor. (Credit Wages Payable.) 3. 4. Incurred $71,800 of manufacturing overhead: $42,900 was paid and the remainder is unpaid. Requisitioned materials for Cutting $16,500 and Assembly $9,800. Used factory labor for Cutting $34,400 and Assembly $25,800. Applied overhead at the rate of $20 per machine hour. Machine hours were Cutting 1.710 and Assembly 1,770. 5. 6. 7. Transferred goods costing $68,710 from the Cutting Department to the Assembly Department. 8. Transferred goods costing $136,400 from Assembly to Finished Goods. 9. Sold goods costing $152,600 for $202.800 on account. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually)