Cost Flows Through Journal Entries The Mixing Department performs a series of processes in which a fluid chemical is concentrated. Records indicate that the Mixing Department has been charged with \($50,000\) of direct labor costs. The manufacturing overhead rate is 170% of direct labor costs. Beginning work-in-process was \($170,000\), and ending work-in-process totaled \($36,000\). One- half of this period's completed products is sold on account at a price equal to 150% of its cost. Prepare journal entries to record (1) various costs charged to the Mixing Department this period, (2) transfer of this period's completed product, and (3) sale of one-half of this period's production.