Waterway Company has two production departments: Cutting and Assembly...

Waterway Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $5,200, Work in Process-Cutting $3,700, Work in Process-Assembly $10,800, and Finished Goods $32,800. During July, the following transactions occurred. 1. Purchased $63,700 of raw materials on account. 2. Incurred $61,900 of factory labor. (Credit Wages Payable.) 3. Incurred $71,500 of manufacturing overhead; $41,600 was paid and the remainder is unpaid. 4. Requisitioned materials for Cutting $17,800 and Assembly $9,300. 5. Used factory labor for Cutting $34,900 and Assembly $27,000. 6. Applied overhead at the rate of $20 per machine hour. Machine hours were Cutting 1,710 and Assembly 1,770 . 7. Transferred goods costing $69,410 from the Cutting Department to the Assembly Department: 8. Transferred goods costing $136,900 from Assembly to Finished Goods. 9. Sold goods costing $151,800 for $201,400 on account. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually) 4. 5. 6. 7. 8. 9. (To record the cost of goods sold) (To record the sale)