OFT AutoSave View Picture Data Review Formulas Insert Draw Page Layout Wrap Text Merge & Co X Cut Calibri (Body! [ Copy Format 10; X fx K L L H G F E D A B Beginning Inventory Ending Inventory Raw materials inventory Work in process inventory---Mixing Work in process inventory-Blending Finished goods ingentory $ 72,000 156,000 160,000 $ 24.800 250,000 198,000 80,200 60,250 $212,000 174,000 44,000 Direct Materials Raw materials purchased on credit Direct materials used-Mixing Direct materials used-Blending Direct Labor Direct labor-Mixing Direct labor-Blending Total factory payroll paid (in cash) Factory Overhead (actual costs) Indirect materials used Indirect labor used $ 52,500 74,680 196,680 $ 41,200 69.500 64,660 Other overhead costs Factory Overhead Rates Mixing Blending Sales 75% of direct materials used 60% of direct labor used $490,000 Required 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. Check (1) Cost of goods sola, 5408,418 2. Prepare journal entries dated March 31 to record the following March activities: (a) raw materials purchases, (b) direct materials usage. (e) indirect materials usage, (dl) direct labor costs, () indirect labor costs. ) payment of factory payroll, (g) other overhead costs (credit Other Accounts). ()n) overhead applied. () goods transferred from Mixing to Blending, goods transferred from Blending to finished goods, (k) cost of goods sold, and (1) sales