Question

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: March 1 balance Work in Process-Refining Department 32,900 Completed and transferred to Blending 141,600 70,200 487,000 Materials Direct labor Overhead March 31 balance 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, $20,800. Costs incurred during March in the Blending Department were: materials used, $44,000; direct labor, $16,100; and overhead cost applied to production, $104,000.

Answer 1

Date Subject Date Youmal enpies WIP- Refining (a) $44000 tuuooo Raw material $16100 (6 Dised labor cost $16100 Cash (6) Factory overhead $666000 Accounts Payable $666000 cd WIP- Refining $104000 - Packery oH $104000 e) Lep-Reapone Blending $ 652000 Kefening $652000 & Finished goods $780000 - Wik- Blending $780000 (9) Sales $13,50,000 Accounts Receivable $1390000 $ 680000 Finished goods * 680000 - wie- Refining D000 cous