Chapter 18 - Final Problem #2: Entries for Process Cost Systems

Cincinnati 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 the packaging is added at the beginning of the process. On July 1, Cincinnati Soap Company had the following inventories:

For #3 on this problem, the "select" box has you choose between a debit and credit. Please help me answer this ASAP!