Schrager Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $5,100, Work in Process-Cutting $3,800, Work in Process-Assembly $11,500, and Finished Goods $32,100. During July, the following transactions occurred.
| 1. |
Purchased $63,800 of raw materials on account. |
| 2. |
Incurred $61,600 of factory labor. (Credit Wages Payable.) |
| 3. |
Incurred $71,500 of manufacturing overhead; $41,700 was paid and the remainder is unpaid. |
| 4. |
Requisitioned materials for Cutting $17,300 and Assembly $9,400. |
| 5. |
Used factory labor for Cutting $34,800 and Assembly $26,800. |
| 6. |
Applied overhead at the rate of $21 per machine hour. Machine hours were Cutting 1,710 and Assembly 1,780. |
| 7. |
Transferred goods costing $68,480 from the Cutting Department to the Assembly Department. |
| 8. |
Transferred goods costing $136,500 from Assembly to Finished Goods. |
| 9. |
Sold goods costing $152,800 for $201,200 on account. |
Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)