Douglas Manufacturing Company has two production departments: cutting and assembly. July 1 inventories are Raw Materials $6,360, Work in Process-Cutting $4,970, Work in Process-Assembly $12,860, and Finished Goods $34,920. During July, the following transactions occurred: Purchased $65,420 of raw materials on account. Incurred $47,070 of factory labour (credit Wages Payable). 2 3. Incurred $75,130 of manufacturing overhead; $54,920 was paid and the remainder is unpaid. 4. 5. 6. Requisitioned $14,800 in materials for cutting and $11,720 in materials for assembly. Used factory labour of $26,930 for cutting and $18,990 for assembly. Applied overhead at the rate of $24 per machine hour. Machine hours were 1,650 in cutting and 1,605 in assembly. 7. Transferred goods costing $70,450 from the cutting department to the assembly department. 8. Transferred goods costing $139,200 from assembly to Finished Goods. 9. Sold goods costing $163.550 for $213,700 on account.