Sheridan Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $4,788, Work in Process - Cutting $3,306, Workin Process - Assembly $12,084, and Finished Goods $35,340. During July, the following transactions occurred. 1. Purchased $71,250 of raw materials on account. 2. Incurred $68,400 of factory labor. (Credit Wages Payable.) 3. Incurred $79,800 of manufacturing overhead; $45,600 was paid and the remainder is unpaid. 4. Requisitioned materials for Cutting $17,898 and Assembly $10,146. 5. Used factory labor for Cutting $37,620 and Assembly $30,780. 6. Applied overhead at the rate of $18 per machine hour. Machine hours were Cutting 1,922 and Assembly 1,954. 7. Transferred goods costing $77,064 from the Cutting Department to the Assembly Department. 8. Completed and transferred goods costing $153.786 from Assembly to Finished Goods inventory. 9. Sold goods costing $171,000 for $228,000 on account. Journalize the transactions, (List all debit entries before credit entrits. Cnedit account titles are automatically indented when amount is entered. Do not indent manuollys 5. 6. 7. 8. 9. (To record the cost of goods sold) (To record the sale)