Ivanhoe Manufacturing Company uses a job order cost system and keeps perpetual inventory records. June 1 Purchased raw materials for $21,600 on account. 8 Raw materials requisitioned by production: Direct materials $ 8,640 Indirect materials 1,080 15 Paid factory utilities, $2,268 and repairs for factory equipment, $ 8,640. 25 Incurred $ 122,000 of factory labor. 25 Time tickets indicated the following: Direct Labor (7,000 hrs * $ 14 per hr) $ 98,000 Indirect Labor (3,000 hrs x $ 8 per hr) 24,000 $ 122,000 25 Applied manufacturing overhead to production based on a predetermined overhead rate of $ 7 per direct labor hour worked. 28 Goods costing $ 18,550 were completed in the factory and were transferred to finished goods inventory. 30 Goods costing $ 15,550 were sold for $20,550 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. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record factory labor costs) (To assign factory labor to jobs and overhead) (To record factory labor costs) (To assign factory labor to jobs and overhead) (To apply overhead to jobs)