Apply the Concepts: Determine costs and Prepare Journal Entries for Process Cost Flows Gray Pharmaceuticals produces an anti-inflammatory medication. The medication requires three sequential processes: Mixing, Tableting, and Bottling. During the month of February, Gray produced 6,000 bottles of the medication. The costs for the units completed are shown in the following table. Complete the table below: Mixing Tableting Bottling Process Process Process Direct materials $4,500 $ 800 $1,800 Direct labor 1,250 1,340 2,100 2,400 Applied overhead 2,100 1,500 Costs added $9,000 $ $4,640 Costs transferred in 0 Costs transferred out $ Prepare the journal entries that correspond to all transfers; also prepare the journal entry for Bottling that reflects the costs added to the transferred-in costs received from Tableting: Transfer Entries: Work in Process Work in Process 11 1 Work in Process Mixing Prepare the journal entries that correspond to all transfers; also prepare the journal entry for Bottling that reflects the costs added to the transferred-in costs received from Tableting: Transfer Entries: Work in Process Work in Process Work in Process Mixing III Work in Process Bottling Finished Goods Work in Process Mixing III II Cost-added entry: Work in Process-Bottling Materials Payroll Overhead Control