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Sunland Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials...

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Accounting

Sunland Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $3,948, Work in
Process-Cutting $2,726, Work in Process-Assembly $9,964, and Finished Goods $29,140. During July, the following transactions
occurred.
Purchased $58,750 of raw materials on account.
Incurred $56,400 of factory labor. (Credit Wages Payable.)
Incurred $65,800 of manufacturing overhead; $37,600 was paid and the remainder is unpaid.
Requisitioned materials for Cutting $14,758 and Assembly $8,366.
Used factory labor for Cutting $31,020 and Assembly $25,380.
Applied overhead at the rate of $18 per machine hour. Machine hours were Cutting 1,582 and Assembly 1,614.
Transferred goods costing $63,544 from the Cutting Department to the Assembly Department.
Completed and transferred goods costing $126,806 from Assembly to Finished Goods Inventory.
Sold goods costing $141,000 for $188,000 on account.
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