Sunland Manufacturing Company uses a job order cost system and keeps perpetual inventory records. June 8 Purchased raw materials for $23,200 on account. Raw materials requisitioned by production: Direct materials $9,280 Indirect materials 1,160 Paid factory utilities, $2,436 and repairs for factory equipment, $9.280. 15 25 Incurred $114,000 of factory labor. 25 Time tickets indicated the following: Direct Labor (7,000 hrs x $12 per hr) $84,000 Indirect Labor (3.000 hrs x $10 per hr) 30,000 $114,000 25 28 330 Applied manufacturing overhead to production based on a predetermined overhead rate of $9 per direct labor hour worked. Goods costing $18,950 were completed in the factory and were transferred to finished goods inventory 30 Goods costing $15,950 were sold for $20,950 on account Prepare journal entries to record the above transactions during the month of June. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation June 1 Raw Materials Inventory Accounts Payable Debit Credit 23200 une 6 Work in Process Inventory 9280 23200 June 15 v June 25 une 25 V Manufacturing Overhead Raw Materials Inventory Manufacturing Overhead Cash Factory Labor Factory Wages Payable (To record factory labor costs) Work in Process Inventory June 25 June 28 Manufacturing Overhead Factory Labor (To assign factory labor to jobs and overhead) Work in Process Inventory Manufacturing Overhead (To apply overhead to jobs) Finished Goods Inventory Work in Process Inventory une 30 Accounts Receivable Cost of Goods Sold Sales Revenue Finished Goods Inventory 1160 11716 114000 10440 11716 114000 114000