Finn Manufacturing Company uses a job order cost accounting system and keeps perpetual inventory records. June 1 Purchased raw materials for $20,000 on account. 8 Raw materials requisitioned by production: Direct materials $8,000 Indirect materials 1,000 15 Paid factory utilities, $2,100 and repairs for factory equipment, $8,000. 25 Incurred $108,000 of factory labor. 25 Time tickets indicated the following: Direct Labor (7,000 hrs x $12 per hr) $84.000 Indirect Labor (3,000 hrs x $8 per hr) 24,000 $108,000 Applied manufacturing overhead to production based on a predetermined overhead rate of $7 per direct labor hour worked 28 Goods costing $18,000 were completed in the factory and were transferred to finished goods. 30 Goods costing $15,000 were sold for $20,000 on account. Prepare journal entries to record the above transactions during the month of June. (Credit account titles are automatically indented when the amount is entered. Do not indent manually Debit Credit Date Account Titles and Explanation June 1 (Purchase of raw materials on account) (To assign materials to jobs and overhead) (To record payment of factory utilities and repairs) (To record factory labor costs) (To assign factory labor to jobs and overhead) 25 (To apply overhead to jobs) (To record completion of production)