ubricants, Incorporated, produces a special kind of grease that is widely used by race car drivers. The grease is produced in two rocessing departments- Refining and Blending. Raw materials are introduced at various points in the Refining Department. he 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, \$7,300; direct labor, $3,600; and overhead, $20,500. Costs incurred during March in the Blending Department were: materials used, $44,000; direct labor, $17,200; and overhead cost applied to production, $104,000. Required: 1. Prepare journal entries to record the costs incurred in both the Refining Department and Biending Department during March. Key your entries to the items (a) through (g) below. a. Raw materiais used in production. b. Direct labor costs incurred. c. Manufacturing overhead costs incurred for the entire factory, $626,000, (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 Rofining Department were transferred to the Biending Department, $672,000. 1. 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, $1,450,000. The Cost of Goods Sold was $690,000. Journal entry worksheet \begin{tabular}{l|llll} 2 & 6 & 7 & 8 \end{tabular} Record issuance of raw materials to Refining and Blending Department. Note: Enter debits before credits. Record direct labor cost incurred for Refining and Blending Department. Note: Enter debits before credits. Record manufacturing overhead costs incurred for the entire factory. Notes Enter debits before credits. Record entry to apply overhead cost to production at a predetermined rate to the Refining Department and Blending Department. Note: Enter debits before credits. Record transfer of semi finished units from Refining to Blending Department. No Record the transfer of completed units from the Blending Department to finished goods. Note: Enter debits before credits. Record sales on account. Note: Enter debits before credits. Record cost of goods sold. Note: Enter debits before credits