entries for process costing

Engies for frocesi costing Oepartment, where pockeging is added at the beginning of the procese. On July 1, Freaton s Grever 5oap Company had the foloeiny inventories: Departmental accounts are maintained for factory overtead, which both have zero balances on fuly 1. Manufacturing operations for July are summartred as foliows: a. Materials purchased on account $363,000 b. Materials requisitioned for use: Phosphate-Making Deportment Packaging-Packing Department Indirect materials-Making Department Indirect materlals-Packing Department 1253,000 68,000 9,900 3,550 c. Labor used: Direct labor-Making Department Direct labor-Packing Department Indirect labor-Making Department Indirect labor-Packing Department 5180,750 122,000 35,000 62,750 d. Depreciation charged on fued assets: Making Department Packing Depsrtment $33,000 27,250 e. Expired prepaid factory insurance: Making Department Packing Department f. Applied factory overtiead: Making Department - Racioing Department. 9. Production costs transferred from Making Department to Packing Department: $521,500 h. Production costs transferred from Packing Department to Finished Goods: $820,750 1. Cost of goods sold during the period 5823,750 1. Joumasize the entries to record the operations, identifying each entry by letter, if an amount box does not require an entry, leave it biank. 2. Compute the July 31 balances of the inventory accounts