Schrager Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $5,100, Work in ProcessCutting $3,600, Work in ProcessAssembly $11,600, and Finished Goods $32,600. During July, the following transactions occurred.

1.		Purchased $62,700 of raw materials on account.
2.		Incurred $61,600 of factory labor. (Credit Wages Payable.)
3.		Incurred $71,600 of manufacturing overhead; $42,000 was paid and the remainder is unpaid.
4.		Requisitioned materials for Cutting $16,600 and Assembly $9,600.
5.		Used factory labor for Cutting $33,400 and Assembly $28,200.
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 $68,290 from the Cutting Department to the Assembly Department.
8.		Transferred goods costing $135,000 from Assembly to Finished Goods.
9.		Sold goods costing $152,800 for $202,700 on account.

Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

The Cutting Department of Cassel Company has the following production and cost data for July.

Production				Costs
1.		Transferred out 13,100 units.		Beginning work in process		$0
2.		Started 5,100 units that are 60%		Materials		60,060
		complete as to conversion		Labor		14,568
		costs and 100% complete as		Manufacturing overhead		22,600
		to materials at July 31.

Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process.

	Your answer is correct.

Determine the equivalent units of production for (1) materials and (2) conversion costs.

Compute unit costs. (Round unit costs to 2 decimal places, e.g. 2.25.)

Materials		$enter a dollar amount rounded to 2 decimal places
Conversion costs		$enter a dollar amount rounded to 2 decimal places

Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 1,225.)

Cost Reconciliation
Costs accounted for
Transferred out			$enter a dollar amount
Work in process, July 31
Materials	$enter a dollar amount
Conversion costs	enter a dollar amount		enter a total of the two previous amounts
Total costs			$enter a total amount for this cost reconciliation schedule rounded to 0 decimal places