Preston & Grover Soap Company manufactures powdered detergent. Phosphate is placed in process in the Making Department, where it is turned into granulars. The output of Making is transferred to the Packing Department, where packaging is added at the beginning of the process. On July 1, Preston & Grover Soap Company had the following inventories:

Finished Goods	$25,830
Work in ProcessMaking	10,040
Work in ProcessPacking	13,080
Materials	5,670

Departmental ac

counts are maintained for factory overhead, which both have zero balances on July 1.

Manufacturing operations for July are summarized as follows:

a.	Materials purchased on account		$321,720
b.	Materials requisitioned for use
		PhosphateMaking Department	$212,520
		PackagingPacking Department	73,920
		Indirect materialsMaking Department	8,320
		Indirect materialsPacking Department	2,980
c.	Labor used
		Direct laborMaking Department	$151,830
		Direct laborPacking Department	102,480
		Indirect laborMaking Department	29,400
		Indirect laborPacking Department	52,710
d.	Depreciation charged on fixed assets
		Making Department	$27,720
		Packing Department	22,890
e.	Expired prepaid factory insurance
		Making Department	$5,250
		Packing Department	2,100
f.	Applied factory overhead
		Making Department	$72,450
		Packing Department	80,050
g.	Production costs transferred from Making Department to Packing Department		$438,060
h.	Production costs transferred from Packing Department to Finished Goods		$689,430
i.	Cost of goods sold during the period		$691,950

Required:

1. Journalize the entries to record the operations, identifying each entry by letter. For a compound transaction, if an amount box does not require an entry, leave it blank.

2. Compute the July 31 balances of the inventory accounts.

Materials
Work in ProcessMaking Department
Work in ProcessPacking Department
Finished Goods

3. Compute the July 31 balances of the factory overhead accounts. If required, use the minus sign to indicate a credit balance.

Factory OverheadMaking Department
Factory OverheadPacking Department

Chapter 17 PR 17-18 freestrom Sum Preston recommend tegen een apartaments on the outfit ins Detent, where pacaging to the beginning of them. On y tresore coming Prisht 30 War in Pro 10.00 Work in Process 8670 De med forsicherer pat 1,30 212.520 TH, Indre- w 30 1024 1.400 SL 10 8.320 2,980 $151,630 102,480 29,400 52,710 Chapter 17 PR 17-18 eBook Show Me How Indirect materials-Making Department Indirect materials-Packing Department Labor used Direct labor-Making Department Direct labor--Packing Department Indirect labor-Making Department Indirect labor-Packing Department d. Depreciation charged on fixed assets Making Department Packing Department e. Expired prepaid factory insurance Making Department Packing Department Applied factory overhead Making Department Packing Department 0 Production cost transferred from Making Department to Packing Department 1 Production costs transferred from Packing Department to Finished Goods Cost of goods sold during the period Required: $27,720 22,890 $5,250 2,100 $72.450 80,050 5431,060 $609,430 5693,950 1. Journal the entries to record the operations, Identifying cach entry by letter For a compound transaction if an amount box does not require an entry leave it blank 2. Compute the July 31 balances of the inventory accounts Materials Work in Process-Making Department Work In Process-Packing Department Finished Goods 3. Compute the July 31 balances of the factory overhead accounts. If required, use the minus sign to indicate a credit balance Factory Overhead-Making Department Factory Overhead --Packing Department Check My Wor