Lubricants, Inc.,produces a special kind of grease that is widely used by race cardrivers. The grease is produced in two processing departments:Refining and Blending. Raw materials are introduced at variouspoints in the Refining Department.

The following incomplete Workin Process account is available for the Refining Department forMarch: Work in Process—Refining Department   March 1 balance 33,300     Completed and transferred        to Blending ?         Materials 146,600        Direct labor 80,200        Overhead 484,000     March 31 balance ?       The March 1 work inprocess inventory in the Refining Department consists of thefollowing elements: materials, $9,000; direct labor, $4,200; andoverhead, $20,100.      Costs incurred during March in theBlending Department were: materials used, $46,000; direct labor,$17,100; and overhead cost applied to production, $114,000. Required: 1. Prepare journalentries to record the costs incurred in both the RefiningDepartment and Blending Department during March.(If no entry is required for a transaction/event,select "No journal entry required" in the first accountfield.) a. Raw materialswere issued for use in production. b. Direct laborcosts were incurred. c. Manufacturing overheadcosts for the entire factory were incurred, $656,000. (CreditAccounts Payable.) d. Manufacturingoverhead cost was applied to production using a predeterminedoverhead rate. e. Units that werecomplete with respect to processing in the Refining Department weretransferred to the Blending Department, $622,000. f. Units that werecomplete with respect to processing in the Blending Department weretransferred to Finished Goods, $710,000. g. Completed units were sold on account, $1,360,000. The Cost ofGoods Sold was $670,000. 2. Post the journalentries from (1) above to T-accounts. The following accountbalances existed at the beginning of March. (The beginning balancein the Refining Department’s Work in Process account is given inthe above question data.)   Rawmaterials $ 205,600   Workin process—Blending Department $ 42,000   Finished goods $ 23,000 After posting theentries to the T-accounts, find the ending balance in the inventoryaccounts and the manufacturing overhead account.