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need help solving this problem Lubricants, Inc., produces a special kind of grease that is widely used by race car drivers. The guase is produced
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Lubricants, Inc., produces a special kind of grease that is widely used by race car drivers. The guase is produced in two processing departments: Refining and Blending. 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 Completed and transferred March 1 balance 38,000 to Blending 495,000 Direct labor 181,000 March 31 balance The March 1 work in process inventory in the Refining Department consists of the following elements materials, $25,000 direct labor, $4 D00, and overhead, $9,000 Costs incurred dunng March in the Blending Department were materials used $115,000 direct labor $18,000, and overhead cost applied to production, $42.000 Prepare joumal entries to record the costs incurred in both the Refining Department and Blending Department during March no entry is required for a transactionievent, select "No journal entry required in he first account field.) a Raw materials were issued for use in abor costs were Manufacturing overhead costs for the entire factory were incured $225,000 (credit Accounts Marwfacturing De head cost was applied to producton us etem vnad overhead rate e Units that were comple with respect to processing in the Refirirg Department were transfemed to the Blending Department S740 000 Unity that were com wth respect to processeng in the Biendng Depatment aere transferred to Completed units were sid account 500.000. The CastStep by Step Solution
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