Kingbird, Inc. started the period with the following account balances: $110,000 Raw Materials Work in Process: Grinding Department Mixing Department Finishing Department Finished goods $24,000 $6,500 $10,000 $40,000 The following events occurred during the year: 1. 2. 3. 4. 5. Production of a new set of products began with a transfer of $59,000 worth of raw materials to the Grinding Department. Conversion costs of $81,000 were incurred in the Grinding Department. Products costing $148,000 were transferred from Grinding to the Mixing Department. Materials costing $7,000 were added to the Mixing Department. Conversion costs of $32,000 were incurred in the Mixing Department. Products costing $175,500 were transferred from Mixing to the Finishing Department. Conversion costs of $40,000 were incurred in the Finishing Department. Products costing $150,000 were completed and transferred to the Finished Goods Inventory. Products costing $165,000 were sold. 6. 7. 8. 9. (a) Record the events in the inventory T-accounts. (Post entries in the order of events presented in the question.) Raw Materials > WIP - Grinding > >