Debit Credit No. Account Titles and Explanation (1) Raw Materials Inventory 4,900 4.900 Accounts Payable (To record purchase of raw materials) Factory Labor 5,000 5,000 Cash (To record factory labor costs paid) 1.200 Manufacturing Overhead 800 Accumulated Depreciation Equipment 400 Accounts Payable (To record manufacturing overhead costs incurred) 4.900 (2) Work in Process Inventory 1.600 Manufacturing Overhead 6.500 Raw Materials inventory (To record assignment of direct materials) (To record assignment of direct materials) Work in Process Inventory 3,800 Manufacturing Overhead 1.200 Factory Labor 5,000 (To record assignment of factory labor) Workin Process Inventory 4,750 Manufacturing Overhead 4,750 (To record assignment of manufacturing overhead) (3) Finished Goods Inventory 14.800 Work in Process Inventory 14.800 (To record completion of jobs) Cash 20,200 Sales Revenue 20,200 (To record sale of goods) Cost of Goods Sold 14,800 Finished Goods Inventory 14,800 (To record the cost of goods sold) (d) Prepare a cost of goods manufactured schedule for June. BLOSSOM INC. Cost of Goods Manufactured Schedule $ $ $