Lubricants, Inc., produces a special kind of grease that is widely used by race car drivers. The grease is produced in two processing departments-Refining and Blending Raw materials are introduced at various points in the Refining Department The following incomplete Work In Process account is available for the Refining Department for March Work In Process-defining Department Harch I balance 38,000 Completed and transverred to slending Materiale 495,000 Oirect labor Od 2510 Ward walance The March 1 work in process irwentory in the Refining Department consists of the following elements materials. $25.000 hectabo $4.000, and overhead, 59.000 Costs incurred during March in the Blending Department were materials used $115.000, direct labor $18.000 and overhead cost applied to production $42.000 Check my work 2 1. Prepare journal entries to record the costs incredin bom the Refining Department and Blending Department duting March Key Your entries to the items through) below 30 * Raw materials used in production b. Direct labor costs incurred c. Manufacturing overhead costs incurred for the factor $325.000 et Account Payable) d Manufacturing overheid was pled to production on a predetened oveteade Units that were complete with respect to processing the one we transfedto the Department 5740 000 Units that were colete with the Deer wetented to shed Goods 5950,000 9. Completed units were sold on account 51500000 metros 000000 2. Posle journal entries from above to account the following access beginning of March the beginning Dance meeting Departments in eis given toont hown above materiais ork in procedit Finished 36.00 1.00 Lubricants, Inc., produces a special kind of grease that is widely used by race car drivers. The grease is produced in two processing departments-Refining and Blending Raw materials are introduced at various points in the Refining Department The following incomplete Work In Process account is available for the Refining Department for March Work In Process-defining Department Harch I balance 38,000 Completed and transverred to slending Materiale 495,000 Oirect labor Od 2510 Ward walance The March 1 work in process irwentory in the Refining Department consists of the following elements materials. $25.000 hectabo $4.000, and overhead, 59.000 Costs incurred during March in the Blending Department were materials used $115.000, direct labor $18.000 and overhead cost applied to production $42.000 Check my work 2 1. Prepare journal entries to record the costs incredin bom the Refining Department and Blending Department duting March Key Your entries to the items through) below 30 * Raw materials used in production b. Direct labor costs incurred c. Manufacturing overhead costs incurred for the factor $325.000 et Account Payable) d Manufacturing overheid was pled to production on a predetened oveteade Units that were complete with respect to processing the one we transfedto the Department 5740 000 Units that were colete with the Deer wetented to shed Goods 5950,000 9. Completed units were sold on account 51500000 metros 000000 2. Posle journal entries from above to account the following access beginning of March the beginning Dance meeting Departments in eis given toont hown above materiais ork in procedit Finished 36.00 1.00
