Gunthrum Company has a production process that involves three processes. Units move through the process in this order: cutting, stamping, and then polishing. The company had the following transactions: 1. Cost of units completed in the Cutting Department, $18,700. 2. Cost of units completed in the Stamping Dept., $22,400. 3. Cost of units completed in the Polishing Dept., $37,900. 4. Sales on account, $21,000. 5. Cost of goods sold is 30% of sales. Prepare the journal entries for Gunthrum Company