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 Marchi March 1 balance Work in Process-Refining Department 31, cee Completed and transferred to Blending 147,600 71,200 478.000 Materials Direct labor Overhead March 31 balance The March 1 work in process inventory in the Refining Department consists of the following elements materials, $7100; direct labor $3,400, and overhead, $20.900. Costs incurred during March in the Blending Department were: materials used, $46,000, direct labor. $16,600; and overhead cost applied to production, $116,000 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 Manufacturing overhead costs incurred for the entire factory, $626,000. (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, $652,000 f Units that were complete with respect to processing in the Blending Department were transferred to Finished Goods, $770,000. 9. Completed units were sold on account, $1.420,000. The Cost of Goods Sold was $600,000. 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.) Raw materials Work in process-Blending Department Finished goods $ 207,600 $ 53,000 $ 27,000 Required 1 Required 2 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 (9) below. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 7 Record issuance of raw materials to Refining and Blending Department. Note: Enter debits before credits Transactions General Journal Debit Credit complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare foumal 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. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record direct labor cost incurred for Refining and Blending Departme Note: Enter debits before credits Transactions General Journal Debit Credit Required 1 Required 2 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 (9) below. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. View transaction list Journal entry worksheet Record manufacturing expenses incurred for the whole factory, Note: Enter debits before credits Transactions General Journal Debit Credit Complete this question by entering your answers in the tabs below. Required 1 Required 2 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 (9) below. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 45 67 Record entry to apply overhead cost to production at a predetermined rate to the Refining Department and Blending Department. Note: Enter debits before credits Transactions General Journal Debit Credit complete this question by entering your answers in the tabs below. Required 1 Required 2 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 (a) below. If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record transfer of semi finished units from Refining to Blending Department Note Enter debit before credit Debit Credit Transactions General Journal Required 1 Required 2 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 (9) below. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the transfer of completed units from the Blending Dep finished goods Note: Enter debits before credits Transactions General Journal Debit Credit Complete this question by entering your answers in the tabs below. Required 1 Required 2 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 (9) below. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record sales on account. Note: Enter debits before credits. General Journal Debit Transactions Credit Complete this question by entering your answers in the tabs below. Required 1 Required 2 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 (9) below. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet