Entries for Process Casting 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 Finished Goods Work in Process-Making Work in Process-Packing Materials $13,500 6,790 7,350 5,100 Departmental accounts are maintained for factory overhead, which both have zero balances on July 1. Manufacturing operations for July are summarized as follows a. Materials purchased on account $149,800 b. Materials requisitioned for use Phosphate-Making Department Packaging-Packing Department $105,700 31,300 Indirect materials-Making Department 4,980 Indirect materials-Packing Department 1,530 c. Labor used: Direct labor-Making Department Direct labor-Packing Department Indirect labor-Making Department Indirect labor-Packing Department d. Depreciation charged on fixed assets: Making Department $32,400 40,900 15,400 18,300 $10,700 Previous Nest < eBook d. Depreciation charged on fixed assets: Making Department Packing Department e. Expired prepaid factory insurance: Making Department Packing Department Show Me How LakeAssignmentSessionLocator &inprogress=false $10,700 7,900 $2,000 1,500 f. Applied factory overhead: Making Department $32,570 Packing Department 30,050 g. Production costs transferred from Making Department to Packing Department h. Production costs transferred from Packing Department to Finished Goods $166,790 $263,400 1. Cost of goods sold during the period $265,200 Required: 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. Item a. Materials Accounts Payable b. Account Work in Process-Making Department Work in Process-Packing Department Factory Overhead-Making Department Factory Overhead-Packing Department Materials Debit Credit < Materials C. Work in Process-Making Department Work in Process-Packing Department Factory Overhead-Making Department Factory Overhead-Packing Department Wages Payable d. Factory Overhead-Making Department Factory Overhead-Packing Department Accumulated Depreciation e. Factory Overhead-Making Department Factory Overhead-Packing Department Prepaid Insurance f. Work in Process-Making Department Work in Process-Packing Department Factory Overhead-Making Department Factory Overhead-Packing Department 100 100 100 100 1838 188 188 g. i. Work in Process-Packing Department Work in Process-Making Department h. Finished Goods Work in Process-Packing Department Cost of Goods Sold Finished Goods 00 00 00 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. Factory Overhead-Making Department Factory Overhead-Packing Department Debit Credit 0000 00 01 10 I