Lutz Company produces a product in two departments: (1) Mixing and (2) Finishing. The company uses a process cost accounting system.

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, $2,100 and repairs for factory equipment, $8,000.
	25		Incurred $108,000 of factory labor.
	25		Time tickets indicated the following:
			Direct Labor	(7,000 hrs $12 per hr)	=	$84,000
			Indirect Labor	(3,000 hrs $8 per hr)	=	24,000
						$108,000
	25		Applied manufacturing overhead to production based on a predetermined overhead rate of $7 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 the journal entries to record the preceding transactions for Lutz Company.