ES Book Print erences March 1 balance Debit Materials Direct labor Overhead March 31 balance Work in Process-Refining Department Credit 33,300 Completed and transferred to Blending 143,600 64,200 476,000 ? The March 1 work in process inventory in the Refining Department includes materials, $7,800; direct labor, $3,900; and overhead, $21,600. Costs incurred during March in the Blending Department were materials used, $45,000; direct labor, $16,600; and overhead cost applied to production, $106,000. Required: 1. Prepare journal entries to record the costs incurred in both the Refining Department and Blending Department during March. Key your entries to the items (a) through (g) below. a. Raw materials used in production. b. Direct labor costs incurred. c. Manufacturing overhead costs incurred for the entire factory, $646,000. (Credit Accounts Payable.) d. Manufacturing overhead was applied to production using a predetermined overhead rate. e. Units completed in the Refining Department were transferred to the Blending Department, $622,000. f. Units completed in the Blending Department were transferred to Finished Goods, $740,000. g. Completed units were sold on account, $1,360,000. The Cost of Goods Sold was $620,000. 2. Post the journal entries from (1) above to T-accounts. The following account balances existed at the beginning of March. (The beginning balance in the Refining Department's Work in Process is given in the T-account shown above.)