Lamont Company produced 80,000 machine parts for dlesel engines. There were no beginning or ending work-in-process inventories in any department. Lamont incurred the following costs for May: 1. Calculate the costs tanderred out of each department. 2. Prepare the fournul entried corresponding to these transien. Also, prepwe the jormal entry for Grinding that reffecta the costs added to the 2. Prepare the journal entries corresponding to these transfers. Aso, prepare the journal entry for Grinding that reflects the costs added to the transferred-in goods received from Moiding. For a compound transaction, if an amount box does not require an entry, leave it blank. 3. What if the Ginding Department had an ending wip of $11,0007 Calculate the cost transferred out. Provide the Journal entry that would reflect this transfer. 3. What if the Grinding Department had an ending WIP of $11,000 ? Calculate the cost transferred out. Provide the journal entry that would reflect this transfer. What is the effect on finished goods calculated in Requirement 1, ascuming the other two departments have no ending WIP