departments - Refining and Blending. Raw materials are introduced at various points in the Refining Department. The following incomplete Work in Process account is available fot the Refining Department for March: The March 1 work in process inventory in the Refining Department Includes matetials, $8,800, direct tabor, $4,900; and overhead, $20,000. Costs locurted during March in the Blending Department were materials used, $45,000; direct laboc $17,200; and overhead cost applied to production, $111000. Required: 1. Prepare joumat entries to record the costs incurred in both the Refining Department and Blending Department during Marchi. Key your entries to the items (0) through (a) below. a. Ronv rnaterials used in production. b. Direct labor costs incurred. c. Manufiscturing overthead costs incurred for the entire factory. $696,000. (Credit Accounts Payable.) d. Manufacturing overhead was applied to production using a predetermined oveihead rate e. Units completed in the Refining Department were transferred to the Biending Department. $672.000 f, Units completed in the Blending Department were transferred to Finished Goods, $/50,000. a. Completed units were sold on account, $1,370,000. The Cost of Goods Sold was $690,000. 2. Post the joumal entries from (i) above to T-accounts. The following account balances existed at the beginning of March. (The beginning balance in the Refining Department's Work in Process is given in the Taccount shown above)