Lubricants Inc produces a special kind of grease that is wid

Lubricants, Inc., produces a special kind of grease that is widely used by race car drivers. The grease is produced in two processing departments-Refining and Blending. Raw materials are introduced at various points in the Refining Department. The following incomplete Work in Process account is available for the Refining Department for March: Work in Process-Refining Department March 1 balance 33,800 Completed and transferred to Blending Materials Direct labor Overhead March 31 balance 152,600 71,200 477,000 The March 1 work in process inventory in the Refining Department consists of the following elements: materials, $7,300; direct labor, $4,800; and overhead, $21,700. Costs incurred during March in the Blending Department were: materials used, $45,000; direct labor, $16,400; and overhead cost applied to production, $107,000.

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Transactions	General Journal	Debit	Credit
a.	Work in process-Refining department	152600
	Work in process-Blending department	45000
	Raw Materials inventory		197600
	(To record direct materials used in production)
b.	Work in process-Refining department	71200
	Work in process-Blending department	16400
	Salaries and Wages payable		87600
	(To record direct labor costs incurred)
c.	Manufacturing overhead	626000
	Accounts Payable		626000
	(To record manufacturing overhead incurred)
d.	Work in process-Refining department	477000
	Work in process-Blending department	107000
	Manufacturing overhead		584000
	(To record manufacturing overhead applied)
e.	Work in process-Blending department	672000
	Work in process-Refining department		672000
	(To record transfers from Refining to Blending department)
f.	Finished goods	710000
	Work in process-Blending department		710000
	(To record goods completed and transferred to finished goods)
g.	Accounts receivable	1470000
	Sales		1470000
	(To record sales on account)
	Cost of goods sold	690000
	Finished goods		690000
	(To record cost of sales)