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: Prepare the following journal entries for Mesa: Cutting Assembly Department Department $ 65,000 $ 13,000 74,000 106,000 157,000 231,000 172,000 261,000 1. Amount of direct materials, direct labor, and manufacturing overhead incurred for the Cutting Department. 2. Transfer of products from Cutting to Assembly. 3. Amount of direct materials, direct labor, and manufacturing overhead incurred by the Assembly Department. 4. Transfer of chairs from Assembly to Finished Goods. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)