Schrager Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $5,100, Work in ProcessCutting $3,800, Work in ProcessAssembly $11,500, and Finished Goods $32,100. During July, the following transactions occurred. 1. Purchased $63,800 of raw materials on account. 2. Incurred $61,600 of factory labor. (Credit Wages Payable.) 3. Incurred $71,500 of manufacturing overhead; $41,700 was paid and the remainder is unpaid. 4. Requisitioned materials for Cutting $17,300 and Assembly $9,400. 5. Used factory labor for Cutting $34,800 and Assembly $26,800. 6. Applied overhead at the rate of $21 per machine hour. Machine hours were Cutting 1,710 and Assembly 1,780. 7. Transferred goods costing $68,480 from the Cutting Department to the Assembly Department. 8. Transferred goods costing $136,500 from Assembly to Finished Goods. 9. Sold goods costing $152,800 for $201,200 on account. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. 6. 7. 8. 9. (To record the cost of goods sold) (To record the sale)