Question 9 of 9 View Policies Current Attempt in Progress -/1 Crane Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $5,292, Work in Process-Cutting $3,654, Work in Process-Assembly $13,356, and Finished Goods $39,060. During July, the following transactions occurred. 1. Purchased $78,750 of raw materials on account. 2. Incurred $75,600 of factory labor. (Credit Wages Payable.) 3. Incurred $88,200 of manufacturing overhead; $50,400 was paid and the remainder is unpaid. 4. Requisitioned materials for Cutting $19,782 and Assembly $11,214. 5. Used factory labor for Cutting $41,580 and Assembly $34,020. 6. 7. Applied overhead at the rate of $18 per machine hour. Machine hours were Cutting 2,126 and Assembly 2,158. Transferred goods costing $85,176 from the Cutting Department to the Assembly Department. Completed and transferred goods costing $169,974 from Assembly to Finished Goods Inventory. 9. Sold goods costing $189,000 for $252,000 on account. 8.