Schrager Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $4,300, Workin Process-Cutting $3,700, Work in Process-Assembly $11,000, and Finished Goods $33,000. During July, the following transaction occurred. 1. Purchased $64,000 of raw materials on account. 2 Incurred $61,100 of factory labor. (Credit Wages Payable.) 3. Incurred $73,000 of manufacturing overhead: $42,200 was paid and the remainder is unpaid. 4. Requisitioned materials for Cutting $15,900 and Assembly $9,000. 5. Used factory labor for Cutting $33,500 and Assembly $27,600 9 6. Applied overhead at the rate of $21 per machine hour. Machine hours were Cutting 1.690 and Assembly 1.780. 7. Transferred goods costing $69,160 from the Cutting Department to the Assembly Department 8. Transferred goods costing $136,600 from Assembly to Finished Goods 9. Sold goods costing $152,400 for $202.200 on account Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually No. Account Titles and Explanation 1. Raw Materials Inventory Accounts Payable 2. Factory Labor Wages Payable 3. Manufacturing Overhead Cash Accounts Payable Work In Process-Cusing work Process Assembly Debit Credit