Entries for Process Cost System Preston & Grover Soap Company manufactures powdered detergent. Phosphate is placed in process in the Making Department, where E 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 $16,850 6,550 Work in Process-Packing Materials 8,540 3,700 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 $200,000 b. Materials requisitioned for use Phosphate Chapter 17 PR 17-18 assignme Packaging Packing Department Indirect materials-Making Department Indirect materials-Packing Department c. Labor used Direct labor-Making Department Direct labor-Facking Department $130,640 411,220 5,430 1,950 $99,050 66,060 Indirect labor-Making Department 19,100 CO