5 Lubricants, Inc., produces a special kind of grease that is widely used by race care produced in two processing departments-Refining and Blending. Raw materials as points in the Refining Department. rease is at various The following incomplete Work in Process account is available for the Refining Decantoarch: Work in Process-Refining Department March 1 balance 32,280 Completed and transferred to Blending Materials 153,600 Direct labor 71,200 Overhead 486,000 March 31 balance ? The March 1 work in process inventory in the Refining Department consists of the following elements: materials, $7,500, direct labor, $4,300: and overhead, $20,400. Costs incurred during March in the Blending Department were materials used, $46,000; direct labor, $16.500, and overhead cost applied to production, $98.000. 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 incurred Required: 1. Prepare journal entries to record the costs incurred in both the Refining Department and Elending Department during March. Key your entries to the items (a) through (9) below. eBook a. Raw materials used in production. b. Direct labor costs incurred. c. Manufacturing overhead costs incurred for the entire factory, $646,000. (Credit Accounts Payable.) d. Manufacturing overhead 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, $682,000. f. Units that were complete with respect to processing in the Blending Department were transferred to Finished Goods, $710.000. g. Completed units were sold on account, $1,460,000. The Cost of Goods Sold was $650,000. Ask Print References 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 materials Work in process-Blending Department Finished goods $285,600 $ 46,888 $ 19, eee Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post the journal entries from Requirement i to T-accounts. Raw Materials Accounts Receivable Beg. Bal. Beg. Bal. End. Bal. End. Bal. Work in ProcessBlending Department Work in Process-Refining Department Beg. Bal. Beg. Bal. End. Bal End. Bal Manufacturing Overhead Finished Goods Beg Bal End Sal