Pharoah Manufacturing Company has two production departments: cutting and assembly. July 1 inventories are Raw Materials \$6,160, Work in Process Inventory-Cutting \$5,030, Work in Process Inventory-Assembly \$12,520, and Finished Goods \$35,180. During July, the following transactions occurred: 1. Purchased $65,330 of raw materials on account. 2. Incurred $46,820 of factory labour (credit Wages Payable). 3. Incurred $74,850 of manufacturing overhead; $55,070 was paid and the remainder is unpaid. 4. Requisitioned $14,680 in materials for cutting and $11,660 in materials for assembly. 5. Used factory labour of $26,870 for cutting and $19,240 for assembly. 6. Applied overhead at the rate of $23 per machine hour. Machine hours were 1,700 in cutting and 1,650 in assembly. 7. Completed and transferred goods costing $70,500 from the cutting department to the assembly department. 8. Completed and transferred goods costing $138,050 from assembly to Finished Goods Inventory. 9. Sold goods costing $163,400 for $210,550 on account. Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. 6. 7. 8. 9.(i) (To record cost of goods sold) 9.(ii) (To record sales) List of Accounts Accounts Payable Accounts Receivable Cash Cost of Goods Sold Factory Labour Finished Goods Inventory Manufacturing Overhead Raw Materials Inventory Sales Wages Payable Work in Process Inventory-Assembly Department Work in Process Inventory-Canning Department Work in Process Inventory-Cooking Department Work in Process Inventory-Cutting Department Work in Process Inventory-Department A Work in Process Inventory-Department B Work in Process Inventory-Finishing Department Work in Process Inventory-Machining Department Work in Process Inventory-Mixing Department Work in Process Inventory-Packaging Department