In December, Davis Company had the following cost flows: Molding Department Grinding Department Finishing Department Direct materials $112,500 $30,900 $17,900 Direct labor 8,800 14,400 11,600 Applied overhead 8,300 60,400 11,100 Transferred-in cost: From Molding 129,600 From Grinding 235,300 Total cost $129,600 $235,300 $275,900 Required: 1. Prepare the journal entries to transfer costs from (a) Molding to Grinding, (b) Grinding to Finishing, and (c) Finishing to Finished Goods. 2. CONCEPTUAL CONNECTION: Explain how the journal entries differ from a job-order cost system.