Expired prepaid factory insurance: Making Department $2,600 1. Journalize the entries to record the operations, identifying each entry by letter. For a compound transaction, if an amo entry, leave it blank. Entries for Process Cost System Preston \& Grover Soap Company manufactures powdered detergent. Phosphate is placed in process in the Making Department, where it is tumed 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: Departmental accounts are maintained for factory overhead, which both have zero balances on July 1. Manufacturing operations for July are summarized as follows: Compute the July 31 balances of the inventory accounts. 3. Compute the July 31 balances of the factory overhead accounts. Cengage: Digital Co... a Order Details O Oyez Member Access - St... c. Labor used: Direct labor-Making Department Direct labor-Packing Department Indirect labor-Making Department Indirect labor-Packing Department d. Depreciation charged on fixed assets: Making Department Packing Department e. Expired prepaid factory insurance: Making Department Packing Department f. Applied factory overhead: Making Department Packing Department $75,19050,75014,56026,100 $13,73011,340 $2,600 1,040 39,640 g. Production costs transferred from Making Department to Packing Department $216,940 h Drendurtionn enctc trancferred from Darkinn nenartment to Finiched fonnde $241470 O more Check My Work uses remaining