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 $20,910 Work in Process-Making 8,130 Work in Process-Packing 10,590 Materials 4,590 Departmental accounts 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 $260,440 b. Materials requisitioned for use: Phosphate-Making Department $172,040 Packaging-Packing Department 59,840 Indirect materials-Making Department 6,730 Indirect materials-Packing Department 2,410 C. Labor used: Direct laborMaking Department $122,910 Direct labor-Packing Department 82,960 Indirect labor-Making Department 23,800 Indirect labor-Packing Department 42,670 d. Depreciation charged on fixed assets: Making Department $22,440 Packing Department 18,530 e. Expired prepaid factory insurance: Making Department $4,250 Packing Department 1,700 f. Applied factory overhead: Making Department $58,650 Packing Department 64,800 9. Production costs transferred from Making Department to Packing Department $354,620 h. Production costs transferred from Packing Department to Finished Goods $558,110 i. Cost of goods sold during the period $560,150 Required: 1. Journalize the entries to record the operations, identifying each entry by letter. If an amount box does not require an entry, leave it blank. Item Account Debit Credit b. C. d. e. e. h. 2. Compute the July 31 balances of the inventory accounts. Materials S 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 S Factory Overhead-Packing Department $