Lubricants, Incorporated, produces a special kind of grease 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 Debit Materials Direct labor Overhead March 31 balance Work in Process-Refining Department Credit 34,000 Completed and transferred to Blending 154,600 75,200 489,000 ? The March 1 work in process inventory in the Refining Department includes materials, $8,700; direct labor, $4,300; and overhead, $21,000. Costs incurred during March in the Blending Department were materials used, $45,000; direct labor, $16,700; and overhead cost applied to production, $98,000. 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, $666,000. (Credit Accounts Payable.) d. Manufacturing overhead was applied to production using a predetermined overhead rate. e. Units completed in the Refining Department were transferred to the Blending Department, $652,000. f. Units completed in the Blending Department were transferred to Finished Goods, $720,000. g. Completed units were sold on account, $1,330,000. The Cost of Goods Sold was $620,000. 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 $ 205,600 $ 49,000 $ 13,000 Complete this question by entering your answers in the tabs below.

Journal entries:

Lubricants, Incorporated, produces a special kind of grease 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 includes materials, $8,700; direct labor, $4,300, and overhead, $21000. Costs incurred during March in the Blending Department were materials used, \$45,000; direct labor, \$16,700; and overhead cost applied to production, $98,000. 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, $666,000. (Credit Accounts Payable).) d. Manufacturing overhead was applied to production using a predetermined overhead rate. e. Units completed in the Refining Department were transferred to the Blending Department, \$652,000. f. Units completed in the Blending Department were transferred to Finished Goods, $720,000. 9. Completed units were sold on account, $1,330,000. The Cost of Goods Sold was $620,000. 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.) Complete this question by entering your answers in the tabs below. 1. Record issuance of raw materials to Refining and Blending Department. 2. Record direct labor cost incurred for Refining and Blending Department. 3. Record manufacturing expenses incurred for the whole factory. 4. Record entry to apply overhead cost to production at a predetermined rate to the Refining Department and Blending Department. 5. Record transfer of semi finished unties from Refining to Blending Department. 6. Record the transfer of completed units from the Blending Department to finished goods. 7. Record sales on account. 8. Record cost of good sold. Accounts Payable Sales Work in Process-Blending Department Manufacturing Overhead Salaries and Wages Payable Debit Cost of Goods Sold