Wildhorse Manufacturing Company uses a job order cost system and keeps perpetual inventory records. June 1 Purchased raw materials for $20,000 on account. 8 Raw materials requisitioned by production: $8,000 Direct materials Indirect materials 1,000 Paid factory utilities, $2,100 and repairs for factory equipment, $8,000. 15 25 Incurred $88,000 of factory labor. 25 Time tickets indicated the following: (7,000 hrs x $10 per Direct Labor = $70,000 hr) (3,000 hrs x $6 per Indirect Labor 18,000 hr) 25 $88,000 Applied manufacturing overhead to production based on a predetermined overhead rate of $5 per direct labor hour worked. 28 30 Goods costing $18,150 were completed in the factory and were transferred to finished goods inventory. Goods costing $15,150 were sold for $20,150 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 Debit Credit (To record factory labor costs) (To assign factory labor to jobs and overhead) (To apply overhead to jobs)