1. Fancy Food Company produces frozen pizzas in two processing departments Assembling and Baking. Information related to the companys operations in September, below, includes the following transactions:

1. Raw materials used in production: Assembling Department, $50,000; and Baking Department, $36,000.
2. Manufacturing overhead was applied: Assembling Department, $15,000 and Baking Department, $9,000
3. Assembled pizzas were transferred from the Assembling Department to the Baking Department. According to the companys processing costing system, the cost of the assembled unbaked pizzas was $58,000.
4. Finished frozen pizzas were sold to customers. According to the companys process costing system, the cost of the finished frozen pizzas was $95,000.

Prepare the applicable journal entries for the above transactions.