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Wildhorse Manufacturing Company uses a job order cost system and keeps perpetual inventory records. June 1 Purchased raw materials for $ 2 4 , 4

Wildhorse Manufacturing Company uses a job order cost system and keeps perpetual inventory records.
June 1 Purchased raw materials for $24,400 on account.
8 Raw materials requisitioned by production:
15 Paid factory utilities, $2,562 and repairs for factory equipment, $9,760.
25 Incurred $108,000 of factory labor.
25 Time tickets indicated the following:
25 Applied manufacturing overhead to production based on a predetermined overhead rate of $7 per direct labor hour worked.
28 Goods costing $18,060 were completed in the factory and were transferred to finished goods inventory.
30 Goods costing $15,060 were sold for $20,000 on account.
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