Zang Co. manufacturs its products in a continuous process involving two departments, Machining and Assembly. The following transactions are related to production during June: (a) Materials purchased (on June 1) on account, $180,000. (b) Materials requisitioned by: Machining, $73,000 direct and $9,000 indirect materials; Assembly, $4,900 indirect materials. (c) Direct labor used by Machining, $23,000; Assembly, $47,000. (d) Depreciation expenses: Machining, $4,500; Assembly, $7,800. (e) Factory overhead applied: Machining, $9,700; Assembly, $11,300. (6) Machining Department transferred $98,300 to Assembly Department; Assembly Department transferred $83,400 to finished goods. (9) Sold goods on account, $100,000; cost of goods sold, $68,000. Instruction Chart of Accounts General Journal Instruction Chart of Accounts X ASSETS REVENUE 110 Cash 410 Sales 121 Accounts Receivable 122 Supplies EXPENSES 123 Prepaid Insurance 510 Cost of Goods Sold 130 Materials 132 Work in Process Machining 133 Work in Process Assembly 134 Factory Overhead-Machining 135 Factory Overhead-Assembly 136 Finished Goods 520 Wages Expense 531 Insurance Expense 532 Utilities Expense 533 Supplies Expense 560 Depreciation Expense 590 Miscellaneous Expense 710 Interest Expense 181 Land 191Fixed Assets 192 Accumulated Depreciation LIABILITIES 210 Accounts Payable 231 Notes Payable 232 Interest Payablo 251 Wages Payable EQUITY 311 Common Stock Previous Next All work saved. Submit Test for Grading P W Instruction Chart of Accounts General Journal Instruction Chart of Accounts General Journal Prepare journal entries to record the materials purchased on June 1 and transactions related to production or Chart of Accounts for exact wording of account titles. (Note: Prepare transactions I and on iwo separate and JOURNAL DATE DESCRIPTION POST. REF DET 1 Materials 2 Accounts Payable 3 9 10 11 14 he Sent for Grading All work saved 9