Mesa Company produces wooden rocking chairs. The company has two production departments, Cutting and Assembly. The wood is cut and sanded in Cutting and then transferred to Assembly to be assembled and painted. From Assembly, the chairs are transferred to Finished Goods Inventory and then are sold. Mesa has compiled the following information for the month of February Direct materials Direct labor Applied manufacturing overhead Cost of goods completed and transferred out Required: Cutting Department $ 150,000 130,000 300,000 468,000 Assembly Department $ 24,000 198,000 334,000 506,000 1, 2, 3, & 4. Prepare journal entries for the transactions in the Cutting and Assembly Departments of Mesa Company. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 B Record the transfer of materials to production in the Cutting department