Schrager Company has two production departments: Cutting and Assembly, July 1 inventories are Raw Materials $4,700, Work in Process-Cutting $3,600, Work in Process --Assembly $10,800, and Finished Goods $32,300. During July, the following transactions occurred. 1. 2. 3. 4. 5. 6. 7. Purchased $64,600 of raw materials on account Incurred $61.800 of factory labor. (Credit Wages Payable.) Incurred $71,600 of manufacturing overhead: $41,200 was paid and the remainder is unpaid. Requisitioned materials for Cutting $17,300 and Assembly $9,600. Used factory labor for Cutting $34,900 and Assembly $26,900. Applied overhead at the rate of $20 per machine hour. Machine hours were Cutting 1.740 and Assembly 1.760. Transferred goods costing $68,840 from the Cutting Department to the Assembly Department. Transferred goods costing $135,300 from Assembly to Finished Goods. Sold goods costing $151,700 for $202.800 on account. 8. 9. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not Indent manually)