Sanders Company has two production departments: Fabricating and Finishing. Beginning inventories are: Work in Process Inventory- Fabricating, $6,030: Work in Process Inventory-Finishing, $4,100; and Finished Goods Inventory, $5,600. During the month the following transactions occurred: 1 Purchased $40,000 of raw materials on account. 2. Incurred $75,000 of factory labor. Wages are unpaid. 3. Incurred $50,000 of manufacturing overhead; $40,000 was paid and the remainder is unpaid. 4. 5. 6. Requisitioned direct materials for Fabricating, $10.000 and Finishing. $8,000. Used factory labor for Finishing, $60,000 and Fabricating. $15,000. Assigned $45,000 of overhead based on machine hours used in each department. The Finishing Department used twice as many machine hours as did Fabricating Journalize the transactions for the month. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) No. Account Titles and Explanation 1. Raw Materials Inventory Accounts Payable 2. Factory Labor Wages Payable Debit Credit Wages Payable 3: Manufacturing Overhead 4. Accounts Payable Cash Work in Process-Fabricating Work in Process-Finishing Raw Materials Inventory 5. Work in Process-Fabricating Work in Process-Finishing Factory Labor 6. Work in Process-Fabricating Work in Process-Finishing Manufacturing Overhead