Ivanhoe Manufacturing Company uses a job order cost system and keeps perpetual imventory records. June 1 Purchased raw materials for $17,200 on account. 8 Raw materials requisitioned by production: DirectmaterialsIndirectmaterials$6,880860 15 Paid factory utilities, $1,806 and repairs for factory equipment, $6,880. 25 Incurred $114,000 of factory labor. ?5 Timotirlate indiratod the frillmaino 25 Applied manufacturing overhead to production based on a predetermined overhead rate of $9 per direct labor hour worked. 28 Goods costing $18,400 were completed in the factory and were transferred to finished goods inventory. 30 Goods costing $15,400 were sold for $20,400 on account. (To record factory labor costs) (To assign factory labor to jobs and overhead) (To apply overtead to jobs)