March 1 balance Work in Process-defining Department 33,200 Completed and transferred to atending 151,600 76,200 482.000 Materiala Direet labor Overhead March 31 balance The March 1 work in process inventory in the Refining Department consists of the following elements: materials, $8,400, direct labor, $3,700; and overhead, $21,100. Costs incurred during March in the Blending Department were materials used, $46,000, direct labor, 518,000, and overhead cost applied to production, $105,000 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 (a) below a. Raw materials used in production b. Direct labor costs incurred. c. Manufacturing overhead costs incurred for the entire factory, $656,000. (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, $632,000. Units that were complete with respect to processing in the Blending Department were transferred to Finished Goods, $720,000. g. Completed units were sold on account, $1.410,000. The Cost of Goods Sold was $630,000 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.) Work in process alending Department Tinished goods $ 211,600 $ 52,000 $ 12,000 Complete this question by entering your answers in the tabs below. Required 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 (s) below. (ir ne entry is required for a transaction event, select "No journal entry required in the first account field.) View transaction lit Journal entry worksheet Recordance of raw materials to Refining and Blending Department Dubit Work in proces. Blending Finished goods $ 12,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post the journal entries from Requirement 1 to T-accounts. Accounts Receivable Raw Materials Beg Bal . Beg. Bal End, Bal 0 End. Bal 0 Work In Process-Refining Department Work in Process-Blending Department Beg. Bal Beg. Bal End. Bal. End. Bal Finished Goods Manufacture Overhead Beg Bal Beg Bai End. Bol End. Bal. 0 Accounts Payable Salaries and Wages Payable Beg. Bal Beg. Bal. End. Bal End. Bal Sales Cost of Goods Sold Bog. Bel. Beg. Bal Endal End, Bal