Entries for Process Cost System 2,030 Preston & Graver Soap Company manufactures powdered detergent. Phosphate is placed in process in the Making Department, where it is turned into granulars. The output of Making is transferred to the Packing Department, where padaging is added at the beginning of the process. On July 1, Preston & Grover Soap Company had the following inventories: Finished Goods $9,230 Work in Process Making 3,590 Work in Process Packing 4,670 Materials Departmental accounts are maintained for factory overhead, which both have zero batances en Huly 1, Manufacturing operations for July are summarized as follows: 2. Materials purchased on account $114,900 b. Materials requisitioned for : Phosphate-- Maling Department 57,900 Packaging Packing Department 26,400 Indirect materialsMaking Department 2.970 Indirect materials-Packing Department 1,070 Labor sod Direct labor--Making Department $54,230 Direct labor --Packing Department 36,600 Titirne la Marina 10,500 18,830 $9,900 8,180 750 Indirect labor --Making Department Indirect labor-Packing Department d. Dopredation charged on fixed assets: Making Department Packing Department e. Expired prepaid factory insurance: Making Department $1,880 Packing Department f Applied factory overhead: Making Department $25,880 Packing Department 28,590 0. Production costs transferred from Making Department to Packing Department $156,450 h. Production costs transferred from Packing Department to Finished Goods $246,230 Cost of goods sold during the period $247.130 Required: 1. Journalize the entries to record the operations, Identifying each entry by fetter. If an amount box does not require an entry, leave it blank Account Debit Item Credit Item Account Debit Credit b.