Exercise 16-4 is partly corretty Sager Company has two production departments and members www Following transactions wed 3. WAG. Othe 1 Parded 562.500 of me 2 Incurred $61.400 of factory abot Credit was able) 1 Incurred $71.900 of manufacturing weet 143,500 was dad the 4. Requisitioned materials forating516.600 9.700 Used factory labor for ung33.cond Assembly $27.900 Applied read at the rate of 519 per machine Machine hours were 1000 transferred goods costing 9.290 from the Department to transferred goodscosong 15.400 from the Sold good cong $150,000 for $200.450 Journace the transactions are all No Accounts and explanation De CA 1 Raw Material retory Accounts Payable Tractory Labor Wagen Payotte 6160 42 Accounts Payable works Process work Process - Assembly 9700 Accounts paratie JUHITE Raw Mantry 2010 work in Process Cutting work in Process Assembly 2790 Factory tabor 614 work in Process Assembly 32300 work in Process Cutting Work in Process - Assembly 6920 work in Process Outting Fished Goods Inventory Work in Process - Assembly 13400 Cost of Goods Sold 151 Finished Goods Inventory 151500 (o record the cost of goods Accounts Recevable 200-400 Sales Revenue 2000