E$21\mathrm{.}4($LO $2),$ AP Schrager Company has two production departments: Cutting and Assembly. July $1$ inventories are Raw Materials $$4,200,$ Work in Process$-$Cutting $$2,900,$ Work in Process$-$Assembly $$10,600,$ and Finished Goods $$31,000.$ During July, the following transactions occurred.

Purchased $$62,500$ of raw materials on account.

Incurred $$60,000$ of factory labor. $($Credit Wages Payable.$)$

Incurred $$70,000$ of manufacturing overhead; $$40,000$ was paid and the remainder is unpaid.

Requisitioned materials for Cutting $$15,700$ and Assembly $$8,900.$

Used factory labor for Cutting $$33,000$ and Assembly $$27,000.$

Applied overhead at the rate of $$18$ per machine hour. Machine hours were Cutting $1,680$ and Assembly $1,720.$

Transferred goods costing $$67,600$ from the Cutting Department to the Assembly Department.

Completed and transferred goods costing $$134,900$ from Assembly to Finished Goods Inventory.

Sold goods costing $$150,000$ for $$200,000$ on account.

Instructions

Journalize the transactions. $($Omit explanations and dates.$)$