Prepare joumal entries to record the costs incurred in both the Refining Department and Blending Department during March. Key your entries to the items (a) through ( 9 ) below. (If no entry is required for a transaction/event. select "No journal entry requirco" in the first. account field.) Journal entry worksheet 2345678 Record issuance of raw materials to Refining and Blending Department. Note: Enter debits before credits. Lubricants, Inc., 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 varlous 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 following elements: materials, $7,900; direct labor, $4,800; and overhead, $21,300. Costs incurred during March in the Blending Department were: materials used, $45,000; direct labor, $16,600; 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. 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 that were complete with respect to processing in the Refining Department were transferred to the Blending Department, $662,000. f. Units that were complete with respect to processing in the Blending Department were transferred to Finished Goods, $790,000. g. Completed units were sold on account, $1,470,000. The Cost of Goods Sold was $650,000. Post the journal entries from Requirement 1 to T-accounts. \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Accounts Receivable } \\ \hline & & & \\ \hline & & & \\ \hline End. Bal. & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline Beg. Bal. & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Beg. Bal. Accounts Payable \begin{tabular}{|l|l|l|l|} \hline Beg. Bal. & Manufacturing Overhead \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular}