Wildhorse Company has two production departments: Cutting and Assembly. During July, the following transactions occurred. 1. Purchased $64,600 of raw materials. 2. Incurred $61,800 of factory labor. 3. Incurred $71,600 of manufacturing overhead. 4. Requisitioned materials for Cutting $17,300 and Assembly $9,600. 5. Used factory labor for Cutting $34,900 and Assembly $26,900. 6. Applied overhead at the rate of $20 per machine hour. Machine hours were Cutting 1,740 and Assembly 1,760 . 7. Transferred goods costing $68,840 from the Cutting Department to the Assembly Department. 8. Transferred goods costing $135,300 from Assembly to Finished Goods. 9. Sold goods costing $121,300. Record the transactions using the following format. (Enter negotive amounts using either a negotive sign preceding the number eg. -45 or parentheseseg. (45)) WORKINPROCESS FINISHED GOODS Cutting Assembly $ INVENTORY $ COST OF GOODS SOLD $ MANUFACTURING COSTS Raw Materials Inventory 1. Direct materials purchased 2. Factory labor incurred 3. Manufacturing overhesd incurred 4. Direct materials used 5. Factory labor assigned 6. Manufacturing Overhead assigned 7. Transter from Cutting to Assembly 8. Transfer from Assembly to Finished Goods 9. Record Cost of Goods Sold Factory Labor $ s Manufactur 5