Current Attempt in Progress Wildhorse Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $5,124, Work in Process-Cutting $3,538, Work in Process-Assembly $12,932, and Finished Goods $37,820. During July, the following transactions occurred. 1. Purchased $76,250 of raw materials on account. 2. Incurred $73,200 of factory labor. (Credit Wages Payable.) 3. Incurred $85,400 of manufacturing overhead; $48,800 was paid and the remainder is unpaid. 4. Requisitioned materials for Cutting $19,154 and Assembly $10,858. 5. Used factory labor for Cutting $40,260 and Assembly $32,940. 6. Applied overhead at the rate of $18 per machine hour. Machine hours were Cutting 2.058 and Assembly 2,090. 7. Transferred goods costing $82,472 from the Cutting Department to the Assembly Department. 8. Completed and transferred goods costing $164,578 from Assembly to Finished Goods Inventory. 9. Sold goods costing $183,000 for $244,000 on account. 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 No. Account Titles and Explanation 1. 2. 3. 4. Debit Credit Question 2 of 2 9. (To record the cost of goods sold) (To record the sale)