Sunland Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $3,948, Work in Process-Cutting $2,726, Work in Process-Assembly $9.964, and Finished Goods $29,140. During July, the following transactions occurred. 1 Purchased $58,750 of raw materials on account 2. Incurred $56,400 of factory labor. (Credit Wages Payable.) 3. 4. Incurred $65,800 of manufacturing overhead; $37,600 was paid and the remainder is unpaid. Requisitioned materials for Cutting $14,758 and Assembly $8,366. 5. Used factory labor for Cutting $31,020 and Assembly $25.380. 6. Applied overhead at the rate of $18 per machine hour. Machine hours were Cutting 1,582 and Assembly 1,614. 7 B Transferred goods costing $63,544 from the Cutting Department to the Assembly Department. Completed and transferred goods costing $126,806 from Assembly to Finished Goods Inventory 9. Sold goods costing $141.000 for $188,000 on account.