Finn Manufacturing Company uses a job order cost accounting system and keeps perpetual inventory records. Purchased raw materials for $20,000. Raw materials requisitioned by production: Direct $8,000 June 1 8 materials Indirect materials 15 25 25 1,000 Incurred factory utilities, $2,100 and repairs for factory equipment, $8,000. Incurred $108,000 of factory labor. Time tickets indicated the following Direct Labor (7.000 hrs $12 $84,000 per hr) 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 Goods costing $18,000 were completed in the factory and were transferred to finished goods. Goods costing $15,000 were sold. 25 28 30 Using the grid below, record the transactions during the month of June. (Enter negative amounts using either a negative sign precedin the number eg.-45 or parentheses es.(451 Date Manufacturing Costs Factory Labor Workin Raw Materials inventory Manufacturing Overhead June 1 $ $ $ $ 8 8 15 25 25 25 25 28 30 Work in Date Manufacturing Costs Factory Labor Raw Materials Inventory Manufacturing Overhead June 1 $ $ S 8 8 15 25 25 25 25 28 30 Work in Process Inventory Finished Goods Inventory Cost of Goods Sold vufacturing Overhead $ $ e Textbook and Media List of Accounts