Kirk Manufacturing Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $3,800, Work in Process%u2014Cutting $2,900, Work in Process%u2014Assembly $10,800, and Finished Goods $31,400. During July, the following transactions occurred.
| 1. |
|
Purchased $62,900 of raw materials on account. |
| 2. |
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Incurred $56,400 of factory labor. |
| 3. |
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Incurred $70,400 of manufacturing overhead; $40,300 was paid and the remainder is unpaid. |
| 4. |
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Requisitioned materials for Cutting $15,400 and Assembly $9,300. |
| 5. |
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Used factory labor for Cutting $29,200 and Assembly $27,200. |
| 6. |
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Applied overhead at the rate of $17 per machine hour. Machine hours were Cutting 1,200 and Assembly 1,900. |
| 7. |
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Transferred goods costing $67,700 from the Cutting Department to the Assembly Department. |
| 8. |
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Transferred goods costing $134,700 from Assembly to Finished Goods. |
| 9. |
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Sold goods costing $150,300 for $200,400 on account.
Journalize the transactions
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