Lubricants, Incorporated, 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-Refining Department Debit March 1 balance Materials Direct labor Overhead Credit 30,000 Completed and transferred to Blending 147,600 70,200 476,000 March 31 balance The March 1 work in process inventory in the Refining Department consists of the following elements: materials, $7,000; direct labor, $3,100; and overhead, $19,900. Costs incurred during March in the Blending Department were: materials used, $45,000; direct labor, $17,200; and overhead cost applied to production, $106,000. 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 $206,600 $51,000 $11,000 Required 1 Required 2 Post the journal entries from Requirement 1 to T-accounts. Accounts Receivable. Debit Beginning Balance Credit Beginning Balance Raw Materials Debit Credit 206,600 192,600 a. 14,000 Ending Balance 0 Ending Balance Work in Process-Refining Department Debit Chit Debit Beginning Balance Beginning Balance Ending Balance Ending Balance Work In Process-Blending Department Credit Finished Goods Manufacturing Overhead Debit Credit Debit Credit Beginning Balance Beginning Balance