Sandhill Manufacturing Company uses a job order cost system and keeps perpetual inventory records. June 1 8 Purchased raw materials for $ 24,000 on account Raw materials requisitioned by production: Direct $ materials 9,600 15 25 Indirect 1,200 materials Paid factory utilities, $ 2,520 and repairs for factory equipment, $ 9,600. Incurred $ 88,000 of factory labor. Time tickets indicated the following: (7,000 Direct hrs * $ $ Labor 10 per 70,000 hr) 25 (3,000 Indirect hrs x $ Labor 6 per hr) 18,000 88,000 25 Applied manufacturing overhead to production based on a predetermined overhead rate of $5 per direct labor hour worked. 28 Goods costing $ 18,040 were completed in the factory and were transferred to finished goods inventory. 30 Goods costing $ 15,040 were sold for $ 20,040 on account. Prepare journal entries to record the above transactions during the month of June. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record iournal entries in the order presented in the problem.) Date Account Titles and Explanation Debit (To record factory labor costs) (To assign factory labor to jobs and overhead)