Schrager Company has two production departments: Cutting and Assembly July 1 inventories are Raw Materials $5.00 Workin Process-Cutting $3.900, Work in Process-Assembly $10,800, and Finished Goods $32.600. During July, the following transactions occurred L Purchased $63.100 of raw materials on account. 2. Incurred $60.200 of factory labor. (Credit Wages Payable) 3. Incurred $72,000 of manufacturing overhead: $42.900 was paid and the remainder is unpaid 4. Requisitioned materials for Cutting $17,200 and Assembly $9.500. 5 Used factory labor for Cutting $33.200 and Assembly $27,000 A Applied overhead at the rate of $20 per machine hour. Machine hours were Cutting 1.720 and Assembly 1,800 7 8 Transferred goods costing $69,120 from the Cutting Department to the Assembly Department Transferred goods costing $137.000 from Assembly to Finished Goods 9. Sold goods costing $152.600 for $200,000 on account Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Account Titles and Explanation L Debit Credit 2