On "Required 1" please do the 1-8 which is the a-g. Problem 4-17 Cost Flows (LO...

DF Credit Journal Entries - Lubricants Inc. Event Particulars Debit a Work In Process - Refining department Dr $155,600.00 Work In Process - Blending department Dr $45,000.00 To Raw material inventory |(To record material used in production) $200,600.00 $80,200.00 $17,900.00 Work In Process - Refining department Dr Work In Process - Blending department Dr To Wages Payable (To record direct labor cost incurred) $98,100.00 C $626,000.00 Manufacturing overhead Dr To Accounts Payable $696,000.00 (To record manufacturing overhead incurred) d $486,000.00 $105,000.00 Work In Process - Refining department Dr Work In Process - Blending department Dr To Manufacturing overhead (To apply manufacturing overhead) $591,000.00 $632,000.00 $682,000.00 Te Work In Process - Blending department Dr To Work In Process - Refining department (Being units completed in refining transferred to Blending) $730,000.00 $730,000.00 Finished goods inventory Dr To Work In Process - Blending department (Being units completed in blending transferred to finished goods) g1 $1,470,000.00 Accounts receivables Dr To Sales Revenue (To record sales on account) $1,470,000.00 35 36 g2 $660,000.00 37 Cost of goods sold Dr To Finished goods inventory (To record cost of goods sold) $660,000.00 38 39 40 -406 (2) Sheet390 Sheet391 Sheet385 Sheet442

MN | Particulars March 1 balance Raw materials inventory Debit Particulars $207,600.00 Material used Credit $200,600.00 March 31, balance $7,000.00 Particulars Credit Work In Process - Refining Debit . Particulars Completed and $33,100.00 transferred to Blending $155,600.00 $632,000.00 March 1 balance Material Direct labor Overhead $80,200.00 $486,000.00 March 31, balance Particulars Credit $122,900.00 Work In Process - Blending Debit Particulars Completed and transferred to Finished $59,000.00 Goods $632,000.00 $45,000.00 $730,000.00 March 1 balance Transferred from Refining Material Direct labor Overhead $17,900.00 $105,000.00 March 31, balance $128,900.00 Particulars March 1 balance Transferred from Blending Finished Goods Inventory Debit Particulars $22,000.00 Cost of goods sold $730,000.00 Credit $660,000.00 March 31, balance $92,000.00 Manufacturing overhead Debit Particulars $626,000.00 Overhead applied Particulars Overhead incurred Credit $591,000.00 March 31, balance $35,000.00 Cost of goods sold Debit Particulars $660,000.00 Particulars Finished goods inventory Credit March 31, balance $660,000.00 Particulars Sales Revenue Debit Particulars Accounts receivables 51 Credit $1,470,000.00 March 31, balance $1,470,000.00 54 -406 (2) Sheet390 Sheet391 Sheet385 Sheet442