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Raw materials used in production. Direct labor costs incurred. Manufacturing overhead costs incurred for the entire factory, $225,000. (Credit Accounts Payable.) Manufacturing overhead was
Raw materials used in production. Direct labor costs incurred. Manufacturing overhead costs incurred for the entire factory, $225,000. (Credit Accounts Payable.) Manufacturing overhead was applied to production using a predetermined overhead rate. Units that were complete with respect to processing in the Refining Department were transferred to the Blending Department, $740,000. Units that were complete with respect to processing in the Blending Department were transferred to Finished Goods, $950,000. Completed units were sold on account, $1,500,000. The Cost of Goods Sold was $900,000. Post the journal entries from (1) above to T-accounts. The following account balances existed at the beginning of March. (The meginning balance in the Refining Department's Work in Process is given in the T-account shown above.) Raw materials Work in process-Blending Department Finished goods $ 618,000 $ 65,000 $ 20,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post the journal entries from Requirement 1 to T-accounts. Accounts Receivable Raw Materials Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Work in Process-Refining Department nahit Credit Ending Balance Work in Process-Blending Department Dahit Credit
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