Schrager company has two production departments: cutting and assembly. july 1 inventories are raw materials $4,300, work in process—cutting $3,600, work in process—assembly $11,700, and finished goods $32,100. during july, the following transactions occurred.1. purchased $62,800 of raw materials on account.2. incurred $61,400 of factory labor. (credit wages payable.)3. incurred $71,900 of manufacturing overhead; $42,800 was paid and the remainder is unpaid.4. requisitioned materials for cutting $16,600 and assembly $9,700.5. used factory labor for cutting $33,500 and assembly $27,900.6. applied overhead at the rate of $19 per machine hour. machine hours were cutting 1,700 and assembly 1,800.7. transferred goods costing $69,290 from the cutting department to the assembly department.8. transferred goods costing $136,400 from assembly to finished goods.9. sold goods costing $151,800 for $202,400 on accountjournalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.)