Ho Chee makes ice cream in two sequential processes: Mixing and Blending. Direct materials enter production at the beginning of each process. The following information is available regarding its March inventories.

The following additional information describes the company’s production activities for March.

Required

1. Compute the amount of 

(a) Production costs transferred from Mixing to Blending, 

(b) Production costs transferred from Blending to finished goods, and 

(c) Cost of goods sold. 

2. Prepare March 31 journal entries to record the following March activities.

a. Raw materials purchases
b. Direct materials used
c. Indirect materials used
d. Direct labor used
e. Indirect labor used
f. Other overhead costs (paid in cash)
g. Overhead applied
h. Goods transferred from Mixing to Blending
i. Goods transferred from Blending to finished goods
j. Sales
k. Cost of goods sold

Beginning Inventory Ending Inventory Raw materials inventory... $ 72,000 $110,000 Work in process inventory-Mixing.... Work in process inventory-Blending.. Finished goods inventory.... 156,000 250,000 160,000 198,000 80,200 60,250