Schrager Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $4,600, Work in Process-Cutting $3,500. Work in Process-Assembly $11.400, and Finished Goods $32.600. During July, the following transactions occurred. 1. Purchased $63,100 of raw materials on account. 2. Incurred $60,900 of factory labor. (Credit Wages Payable.) 3. Incurred $71,600 of manufacturing overhead: $41.900 was paid and the remainder is unpaid. 4. 5. 7. Requisitioned materials for Cutting $16,700 and Assembly $9.700. Used factory labor for Cutting $34,000 and Assembly $26,900. Applied overhead at the rate of $21 per machine hour. Machine hours were Cutting 1,720 and Assembly 1,770. Transferred goods costing $69.660 from the Cutting Department to the Assembly Department. 8. Transferred goods costing $135,600 from Assembly to Finished Goods 9. Sold goods costing $152.900 for $202,600 on account.