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. 52.100 and repairs for factory equipment. 58.000 25 incurred $108.000 of factory labor 25 Time tickets indicated the following: Direct Labor 7.000 hrs $12 perhr) - 584000 Indirect Labor (3.000 hrs $8 perhr) - 24000 $10.000 25 Applied manufacturing overhead to production based on a predetermined overhead rate of 57 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 accountitles 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) (To apply overhead to jobs) (To record completion of production) (To record sales of finished goods and its cost)