Process Costing Journal Entries.Assume a company has two processing departmentsMolding and Packaging. Transactions for the month are shown as follows.

1.The Molding department requisitioned direct materials totaling $2,000 to be used in production.

2.Direct labor costs totaling $3,500 were incurred in the Molding department, to be paid the next month.

3.Manufacturing overhead costs applied to products in the Molding department totaled $2,500.

4.The cost of goods transferred from the Molding department to the Packaging department totaled $10,000.

5.Manufacturing overhead costs applied to products in the Packaging department totaled $1,800.

Required:

Prepare journal entries to record transactions1through5.