McKay Materials are added at the beginning of the process in McKay Company's blending department, the first stage of the production cycle. After blending, the product is transferred to the forming department. The product is inspected at the end of the blending process. The following information is available for the month of July for the blending department: Work in process, July 1 (35% complete as to conversion costs) Started in July 10 points Prepare all journal entries required for McKay to record the activity in the blending department for the month of July (Assume there is no overhead variance). Copy and paste the following table into your answer area (you may add rows if necessary): Account Name Debit Credit Units 50,000 200,000 Transferred to the next department 195,000 Work in process, July 31 (40% complete as to conversion costs) 45,000 Costs in beginning work in process Direct materials $125,600 Direct labor Overhead Costs added in July Direct materials Direct labor Overhead $46,935 $57,365 $349,400 $178,875 $218,625 xx B I EE 12pt U A ALE Paragraph