Oriole Company has two production departments: Cutting and Assembly, July 1 Inventories are Raw Materials $5,200, Work in Process-Cutting $3,200, Work in Process- Assembly $10,900, and Finished Goods $32,400. During July, the following transactions occurred. 1. Purchased $62,700 of raw materials on account 2. Incprred $60,200 of factory labor. (Credit Wages Payable.) 3. Incurred $71,800 of manufacturing overhead; $42,900 was paid and the remainder is unpaid. 4. Requisitioned materials for Cutting $16,500 and Assembly $9,800 5. Used factory labor for Cutting $34,400 and Assembly $25,800 6. Applied overhead at the rate of $20 per machine hour Machine hours were Cutting 1,710 and Assembly 1,770 7. Transferred goods costing $68,710 from the Cutting Department to the Assembly Department. B. Transferred goods costing $136,400 from Assembly to Finished Goods 9. Sold goods costing $152,600 for $202,800 on account. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Tities and Explanation Debit 3 7. (To record the cost of goods sold) (To record the sale)