c. d. e. f. 9. h. 2. Compute the July 31 balances of the inventory accounts. Materials Work in Process-Making Department Work in Process-Packing Department Finished Goods 3. Compute the July 31 balances of the factory overhead accounts. If required, use the minus sign to indicate a credit balance. Factory Overhead-Making Department Factory Overhead-Packing Department Entries for Process Cost System Preston \& Grover Soap Company manufactures powdered detergent. Phosphate is placed in process in the Making Department, where it is turned into granulars. The output of Making is transferred to the Packing Department, where packaging is added at the beginning of the process. On July 1, Preston \& Grover Soap Company had the following inventories: Departmental accounts are maintained for factory overhead, which both have zero balances on July 1. 1. Journalize the entries to record the operations, identifying each entry by letter. If an amount box does not require an entry, leave it blank