#1 is answered and is with the problem for refrence. Thank you

S. Small Manufacturing company located in Naples Florida produces and distribute special cocoa products that are widely used by FGCU students. The cocoa product is processed in two processing departments: Refining and Blending. Raw materials are introduced at various points in the Refining Department.

The following incomplete Work in Process account is available for the Refining Department for March:

Work in ProcessRefining Department

March 1 balance	34,000		Completed and transferred to Blending	?
Materials	142,600
Direct labor	64,200
Overhead	474,000
March 31 balance	?

The March 1 work in process inventory in the Refining Department consists of the following elements: materials, $8,900; direct labor, $3,500; and overhead, $21,600.

Costs incurred during March in the Blending Department were: materials used, $44,000; direct labor, $16,300; and overhead cost applied to production, $111,000.

Required:

1.	Prepare journal entries to record the costs incurred in both the Refining Department and Blending Department during March. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

a.

Raw materials were issued for use in production.

b.

Direct labor costs were incurred.

c.

Manufacturing overhead costs for the entire factory were incurred, $636,000. (Credit Accounts Payable.)

d.

Manufacturing overhead cost was applied to production using a predetermined overhead rate.

e.

Units that were complete with respect to processing in the Refining Department were transferred to the Blending Department, $632,000.

f.

Units that were complete with respect to processing in the Blending Department were transferred to Finished Goods, $760,000.

g.

Completed units were sold on account, $1,340,000. The Cost of Goods Sold was $650,000.

d(1). Record entry to apply overhead cost at a pre determined rate to refining department.

d(2). Record entry to apply overhead cost to production at a predeterminned rate to blending department.

g(1). Record sales on account

g(2). Record cost of goods sold.

2.	Post the journal entries from (1) above to T-accounts. The following account balances existed at the beginning of March. (The beginning balance in the Refining Departments Work in Process account is given in the above question data.)

Raw materials	$	208,600
Work in processBlending Department	$	47,000
Finished goods	$	27,000

After posting the entries to the T-accounts, find the ending balance in the inventory accounts and the manufacturing overhead account.

Transactions General Journal Work in process-Refining Department Work in process-Blending Department Raw materials Work in process-Refining Department Work in process-Blending Department Accounts payable Manufacturing overhead Accounts payable d(1) Work in process-Refining Department Manufacturing overhead d(2) Work in process-Blending Department Manufacturing overhead Work in process-Blending Department Work in process-Refining Department Finished goods Work in process-Blending Department g(1) Accounts receivable Sales g(2) Cost of goods sold Finished goods Debit 142,600 44,000 16,300 636,000 474,000 111.000 632,000 760,000 1.340,000 650,000 Credit 186,600 V 80,500 636,000 474,000 111,000 V 632,000 760,000 1,340,000 650,000