During June, the following transactions occurred for Van Halen Corporation: 1 Purchased $99,000 of raw materials on credit to add to its raw materials inventory. 2$84,000 in raw materials were requisitioned from the storeroom for use in production. These requisitioned raw materials included $24,000 of indirect materials. 3 Wages Expense totaled $60,000, of which $3,500 was indirect labor, was accrued. 4 Actual manufacturing overhead costs incurred was $94,000 5 Manufacturing overhead costs applied was $84,500 6 Costs of units completed and transferred from work in Process to Finish Goods was $150,000. 7 Any overapplied or underapplies manufacturing overhead is closed to Cost of Goods Sold. 8 Finished Goods in the amount of $222,600 is sold on account for $450,000