Gunthrum Company has a production process that involves three processes. Units move through the process in this order: cutting, stamping, and then polishing. The company had the following transactions: 1. Cost of units completed in the Cutting Department, $18,500. 2. Cost of units completed in the Stamping Dept., $21,900. 3. Cost of units completed in the Polishing Dept., $36,200. 4. Sales on account, $18,500. 5. Cost of goods sold is 35% of sales. Prepare the journal entries for Gunthrum Company