Schrager Company has two production departments: Cutting and Assembly July 1 inventories are Raw Materials $4,600, Wo in Process-Cutting $3,800, Work in Process-Assembly $11,500, and Finished Goods $32,000. During July, the following transactions occurred. 1. Purchased $64,200 of raw materials on account. 2. Incurred $61,000 of factory labor. (Credit Wages Payable.) 3. Incurred $71,000 of manufacturing overhead: $42,300 was paid and the remainder is unpaid. 4. Requisitioned materials for Cutting $16,700 and Assembly $9,600. 5. Used factory labor for Cutting $34,300 and Assembly $26,700. 6. Applied overhead at the rate of $21 per machine hour. Machine hours were Cutting 1,720 and Assembly 1,800. 7. Transferred goods costing $68,210 from the Cutting Department to the Assembly Department. goods costing $136,200 from Assembly to Finished Goods. 9. Sold goods costing $152,600 for $202,300 on account. No Account Tit'es and Explanation Debit Credit