Baez Manufacturing Company produces a product in two departments: (1) Mixing and (2) Finishing. The company uses a process cost accounting system (a) Purchased raw materials for $50,000 on account (b) Raw materials requisitioned for production were: Direct materials Mixing Department $20,000 Finishing Dept. 4,000 (c) Incurred labor costs of $80,000 (d) Factory labor used: $48,000 Mixing dept Finishing Det 32,000 (d) Factory labor used: $48,000 Mixing dept. Finishing Dept 32,000 (e) M department overhead is applied to the product based on Machine hours used in eaclh Mixing dept.-600 machine hours at $45 per machine hour Finishing Dept-500 machine hours at $30 per machine hour (f) Units costing $66,000 were completed in the Mixing Dept. and were transferred to the finishing department g) Units costing $60,000 were completed in the Finishing Department and were transferred to finished goods (h) Finished goods costing $30,000 were sold on account for $45,000 Instructions Prepare the journal entries to record the preceding transactions for Baez Manufacturing Company. :03