Oriole Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $4,620, Work in Process-Cutting $3,190, Work in Process-Assembly $11,660, and Finished Goods $34,100. During July, the following transactions occurred. 1. 2. 3. 4. 5. 6. 7. 8. 9. Purchased $68,750 of raw materials on account. Incurred $66,000 of factory labor. (Credit Wages Payable.) Incurred $77,000 of manufacturing overhead; $44,000 was paid and the remainder is unpaid. Requisitioned materials for Cutting $17,270 and Assembly $9,790. Used factory labor for Cutting $36,300 and Assembly $29,700. Applied overhead at the rate of $18 per machine hour. Machine hours were Cutting 1,854 and Assembly 1,886. Transferred goods costing $74,360 from the Cutting Department to the Assembly Department. Completed and transferred goods costing $148,390 from Assembly to Finished Goods Inventory. Sold goods costing $165,000 for $220,000 on account.

Oriole Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $4,620. Work in Process-Cutting $3,190, Work in Process-Assembly $11,660, and Finished Goods $34,100. During July, the following transactions occurred. 1. Purchased $68,750 of raw materials on account. 2. Incurred $66,000 of factory labor. (Credit Wages Payable.) 3. Incurred $77,000 of manulacturing overhead; $44,000 was paid and the remainder is unpaid. 4. Requisitioned materials for Cutting $17,270 and Assembly $9,790. 5. Used factory labor for Cutting $36,300 and Assembly $29,700. 6. Applied overhead at the rate of $18 per machine hour. Machine hours were Cutting 1,854 and Assembly 1,886. 7. Transferred goods costing $74,360 from the Cutting Department to the Assembly Department. 8. Completed and transterred goods costing $148,390 from Assembly to Finished Goods Inventory. 9. Sold goods costing $165,000 for $220,000 on account. 8. 9. (To record the cost of goods sold) (To record the sale) Journalize the transactions. (List all debit entries before credit entries. Credit occount titles are automatically indented when amount is entered. Do not indent manually)