1-prepare journal entries to record the cost incurred in both the refining department and blending department during march

2-post the journal entries from (1) above to T accounts

2-post the journal entries from above into taccounts

Journal entry worksheet 2345678 Record issuance of raw materials to Refining and Blending Department. Note: Enter debits before credits. Lubricants, Incorporated, produces a special kind of grease widely used by race car drivers. The grease is produced 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: The March 1 work in process inventory in the Refining Department includes materials, $8,100; direct labor, $3,500; and overhead, $20,800. Costs incurred during March in the Blending Department were materials used, $45,000; direct labor, $16,200; and overhead cost applied to production, $115,000. \begin{tabular}{|l|l|l|l|l|l|} \hline Beginning Balance & Sccounts Payable \\ \hline Ending Balance & & & \\ \hline \end{tabular} The March 1 work in process inventory in the Refining Department includes materials, $8,100; direct labor, $3,500; and averhead, $20,800. Costs incurred during March in the Blending Department were materials used, $45,000; direct labor, $16,200; and overhead cost applied to production, $115,000. Required: 1. Prepare journal entries to record the costs incurred in both the Refining Department and Blending Department during March. Key your entries to the items (a) through (g) below. a. Raw materials used in production. b. Direct labor costs incurred. c. Manufacturing overhead costs incurred for the entire factory, $636,000. (Credit Accounts Payable) d. Manufacturing overhead was applied to production using a predetermined overhead rate. e. Units completed in the Refining Department were transferred to the Biending Department, $682,000. f. Units completed in the Blending Department were transferred to Finished Goods, $710,000. 9. Completed units were sold on account, $1,400,000. The Cost of Goods Sold was $630,000. 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 Department's Work in Process is given in the T-account shown above.) Raw naterials Work in procesa-Blending Department Finished goods 5209,600 + 54,000 \$ 11,000 Complete this question by entering your answers in the tabs below. Post the journal entries from Requirement 1 to T-accounts. 1. Prepare journal entries to record the costs incurred in both the Refining Department and Blending Department du your entries to the items (a) through (g) below. a. Raw materials used in production. b. Direct labor costs incurred. c. Manufacturing overhead costs incurred for the entire factory, $636,000. (Credit Accounts Payable.) d. Manufacturing overhead was applied to production using a predetermined overhead rate. e. Units completed in the Refining Department were transferred to the Blending Department, $682,000. f. Units completed in the Blending Department were transferred to Finished Goods, $710,000. g. Completed units were sold on account, $1,400,000. The Cost of Goods Sold was $630,000