Ivanhoe Manufacturing Company has two production departments: machining and assembly. During the month of January, the following transactions occurred: 1. Requisitioned $16,630 in direct materials for machining and $14,510 in direct materials for assembly. 2. Used factory labour of $22,950 for machining and $17,810 for assembly. 3. Applied overhead at the rate of $24 per machine hour. Machine hours were 1,431 in machining and 1,737 in assembly. 4. Transferred goods costing $59,556 from the machining department to the assembly department. 5. Transferred goods costing $118,860 from assembly to Finished Goods. 6. Sold goods costing $125,644 for $150,830 on account. Prepare the required entries. (List all debit entries before credit entries. Credit account titles are automatically indented wher the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record direct materials used) (To assign factory labour to production) (To record transfer of units to the assembly department) (To record transfer of units to finished goods) (To record cost of units sold) (To record sale of units on account)