THIS IS ALL ONE QUESTION!!!

Entries for Process Cost System 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 $29,770 Work in Process-Making 11,570 Work in Process-Packing 15,080 Materials 6,530 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 $370,740 b. Materials requisitioned for use: $244,900 85,180 Phosphate-Making Department Packaging-Packing Department Indirect materials-Making Department Indirect materials-Packing Department 9,580 3,440 c. Labor used: Direct labor-Making Department $174,970 118,100 33,880 Direct labor-Packing Department Indirect labor-Making Department Indirect labor-Packing Department d. Depreciation charged on fixed assets: 60,740 Making Department $31,940 Packing Department 26,380 e. Expired prepaid factory insurance: Making Department $6,050 Packing Department 2,420 f. Applied factory overhead: Making Department $83,490 92,250 Packing Department g. Production costs transferred from Making Department to Packing Department $504,810 $794,490 h. Production costs transferred from Packing Department to Finished Goods i. Cost of goods sold during the period Required: $797,390 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 a. b. d. e. g. h. i. 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