Entries for Process Cosk System Preston \&. Grover Soap Company manufactures powdered detergent, Phosphate is placed in process in the Making Department, where it is turned into granutars. 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 thin following inventoriest: Departmental accounts are maintained for factory overhead, which both have zero balances on July 1. Manufacturing ogerations for July are summarized as follows: Required: 1. Journalize the entries to record the operations. If an amount box does not require an entry, leave it blank. 2. Compute the July 31 balances of the inventory accounts. 2. Compute the July 31 balances of the inventory accounts. 3. Compute the July 31 balances of the factory overhead accounts