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: March 1 balance Materials Direct labor Overhead March 31 balance Work in Process-Refining Department 38,000 495,000 72,000 181,000 Completed and transferred" to Blending The March 1 work in process inventory in the Refining Department consists of the following elements: materials, $25,000, direct labor, $4,000, and overhead, $9,000 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 Required: 1. Prepare journal entries to record the costs incurred in both the Refining Department and Blending Department during March. Key your entries to the items (a) through (g) below. a Raw materials used in production. b. Direct labor costs incurred. c Manufacturing overhead costs incurred for the entire factory, $225,000. (Credit Accounts Payable) d. Manufacturing overhead was applied to production using a predetermined overhead rate. e. Units that were complete with respect to processing in the Refining Department were transferred to the Blending Department, $740,000 (Units that were complete with respect to processing in the Blending Department were transferred to Finished Goods, $950,000. g Completed units were sold on account, $1,500,000. The Cost of Goods Sold was $900,000. 2. Post the journal entries from (1) above to T-accounts. The following account balances existed at the beginning of March. (The beginning balance in the Refining Department's Work in Process is given in the T-account shown above.) $610,000 65,000 Mork in process-Blending Department $ Raw materials Finished goods $ 20,000