Schrager Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $4,200, Work in Process—Cutting $2,900, Work in Process—Assembly $10,600, and Finished Goods $31,000. During July, the following transactions occurred.

1. Purchased $62,500 of raw materials on account.

2. Incurred $60,000 of factory labor. (Credit Wages Payable.)

3. Incurred $70,000 of manufacturing overhead; $40,000 was paid and the remainder is unpaid.

4. Requisitioned materials for Cutting $15,700 and Assembly $8,900.

5. Used factory labor for Cutting $33,000 and Assembly $27,000.

6. Applied overhead at the rate of $18 per machine hour. Machine hours were Cutting 1,680 and Assembly 1,720.

7. Transferred goods costing $67,600 from the Cutting Department to the Assembly Department.

8. Transferred goods costing $134,900 from Assembly to Finished Goods.

9. Sold goods costing $150,000 for $200,000 on account.

Instructions

Journalize the transactions. (Omit explanations.)