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: Finished Goods $8,120 Work in Process-Making 3,150 Work in Process-Packing 4,110 Materials 1,780 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 $101,110 b. Materials requisitioned for use Phosphate-Making Department $66,790 23,230 Packaging-Packing Department 2,610 Indirect materials-Making Department 940 Indirect materials-Packing Department c. Labor used $47,720 Direct labor-Making Department Direct labor-Packing Department 32.210 9,240 Indirect labor-Making Department aching a learring esour Chapter 17 PR 17-1B eBook Show Me How Calculator c. Labor used Direct labor-Making Department $47,720 Direct labor-Packing Department 32,210 Indirect labor-Making Department 9,240 Indirect labor-Packing Department 16,570 d. Depreciation charged on fixed assets Making Department $8,710 Packing Department 7,190 e. Expired prepaid factory insurance Making Department $1,650 Packing Department 660 f. Applied factory overhe Making Department $22,770 Packing Department 25,160 g. Production costs transferred from Making Department to Packing Department $137,680 h. Production costs transferred from Packing Department to Finished Goods I. Cost of goods sold during the period $216,680 $217,470 Required 1, Journalize the entries to record the operations, identifying each entry by letter. For a compound transaction, if an amount box does not require an entry, leave it blank. Pendis Pakit Anennt 1. Journalize the entries to record the operations, identifying each entry by letter. For a compa Credit Debit Account Item Materials a. Accounts Payable Work in Process-Making Department b. Work in Process-Packing Department Factory Overhead-Making Department Factory Overhead-Packing Department Materials Work in Process-Making Department C. Work in Process-Packing Department Factory Overhead-Making Department Factory Overhead-Packing Department Wages Payable d. Factory Overhead-Making Department Check My Work Assignment Score: 59.52 % Cen Connect - Class: ACG2071 2019 Lecture Master Ca Show Me How eBook Chapter 17 PR 17-1B Factory Overhead-Making Department d. Factory Overhead-Packing Department Accumulated Depreciation Factory Overhead -Making Department e. Factory Overhead-Packing Department Prepaid Insurance Work in Process-Making Department f. Work in Process-Packing Department Factory Overhead-Making Department Factory Overhead-Packing Department Work in Process-Packing Department g. Work in Process-Making Department h. Finished Goods Work in Process-Packing Department Cost of Goods Sold i. Finished Goods