Schrager Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $4,200, Work in Process-Cutting $2,900, Work in Process-Assembly $10,600, and Finished Goods $31,000. During July, the following transactions occurred. 1. 2 3. 4. 5. 6. 7. 8. 9. Purchased $62,500 of raw materials on account. Incurred $60,000 of factory labor. (Credit Wages Payable.) Incurred $70,000 of manufacturing overhead; $40,000 was paid and the remainder is unpaid. Requisitioned materials for Cutting $15,700 and Assembly $8,900. Used factory labor for Cutting $33,000 and Assembly $27,000. Applied overhead at the rate of $18 per machine hour. Machine hours were Cutting 1,680 and Assembly 1,720. Transferred goods costing $67,600 from the Cutting Department to the Assembly Department. Completed and transferred goods costing $134,900 from Assembly to Finished Goods Inventory. Sold goods costing $150,000 for $200,000 on account. Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not Indent manually.)

Schrager Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $4,200, Work in Process-Cutting $2,900, Workin Process-Assembly $10,600, and Finished Goods $31,000. During fuly, the following transactions occurred. 1. Purchased $62,500 of raw materiaks on account. 2. Incurred $60,000 of factory labor. (Credit Wages Payable) 3. Incurred $70,000 of manufacturing overhead; $40,000 was paid and the remainder is thinpaid. 4. Requisitioned materials for Cutting $15,700 and Assembly $8,900. 5. Used factory labor for Cutting $33,000 and Assembly $27,000. 6. Applied overhead at the rate of $18 per machine hour. Machine hours were Cutting 1,680 and Assembly 1,720. 7. Transferred goods costing $67,600 from the Cutting Department to the Assembly Department. 8. Completed and transferred goods costing $134,900 from Assembly to Finksied Goods Inventory. 9. Sold goods costing \$150,000 for $200,000 on account: Jochnalize the transsctions. Ust oll debit entries before credit entries Credit account tities are automatically indented when amount is entered Do not indent manualy)