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 \($64,000\) of direct labor costs. The manufacturing overhead rate is 150% of direct labor costs. Beginning work in process was \($224,000,\) and ending work in process totaled \($34,000.\) One half of this period’s completed products is sold on account at a price equal to 160% 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.