Need help with questions 1-3

Entries for Process Cost System Preston \& Grover 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 packaging is added at the beginning of the process. On July 1, Preston \& Grover Soap Company had the following inventories: Departmental accounts are maintained for factory overhead, which both have zero balances on July 1. c. Labor used: Direct labor-Making Department $122,910 82,960 23,800 42,670 Direct labor-Packing Department Indirect labor-Making Department Indirect labor-Packing Department d. Depreciation charged on fixed assets: Making Department $22,440 Packing Department 18,530 e. Expired prepaid factory insurance: Making Department $4,250 Packing Department 1,700 f. Applied factory overhead: Making Department Packing Department $58,650 g. Production costs transferred from Making Department to Packing Department $354,620 h. Production costs transferred from Packing Department to Finished Goods $558,110 i. Cost of goods sold during the period $560,150 Required: 1. Journalize the entries to record the operations, identifying each entry by letter. If an amount box does not require an entry, leave it blank. Accounts Payable Accounts Receivable Factory Overhead-Making Department Materials Work in Process-Making Department Work in Process-Packing Department Accounts Payable Cost of Goods Sold Finished Goods Materials Materials Expense Work in Process-Making Department Accounts Payable Accounts Receivable Cost of Goods Sold Factory Overhead-Making Department Finished Goods Materials Cost of Goods Sold Finished Goods Materials Wages Expense Wages Payable Work in Process-Making Department Accounts Receivable Cost of Goods Sold Factory Overhead-Packing Department Finished Goods Materials Wages Payable Accounts Payable Accumulated Depreciation Depreciation Expense Factory Overhead-Making Department Work in Process-Making Department Work in Process-Packing Department Factory Overhead-Making Department Finished Goods Insurance Expense Materials Work in Process-Making Department Work in Process-Packing Department 2. Compute the July 31 balances of the inventory accounts. Credit Debit