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: The March 1 work in process inventory in the Refining Department consists of the foliowing elements: materials, $7,300; direct labor, $3,600, and overhead, $20,500 Costs incurred during March in the Blending Department were: materials used, $44,000; direct labor, $17,200; and overhead cost applied to production, $104,000. 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. Row moterials used in production, b. Direct labor costs incurted. c. Manufacturing overhead costs incurred for the entire factory, \$626,000. (Credit Accounts Payable.) d. Manufocturing overhead was opplied to production using a predetermined overhead rate. e. Units that were complete with respect to processing in the Refining Department were transferred to the Biending Deportment, $672,000. f. Units that were complete with respect to processing in the Blending Department were transferred to Finished Goods, $790.000. 9. Completed units were sold on account, $1,450,000. The Cost of Goods Sold was $690,000 Post the journal entries from (1) above to T-accounts. The following account balances existed at the beginning of March. (The eginning balance in the Refining Department's Work in Process is given in the T-account shown above.) \begin{tabular}{|l|l|l|l|} \hline \multicolumn{2}{|c|}{ Accounts Payable } \\ \hline Beginning Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & & & \\ \hline Beginning Balance & & & \\ \hline & & & \\ \hline Debit & & & \\ \hline Ending Balance & & & \\ \hline \end{tabular}