Required:

1. Prepare journal entries to record the costs incurred in both the Refining Department and Blending Department during March. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Lubricants, Incorporated, produces a special kind of grease widely used by race car drivers. The grease is produced in two processing departments-Refining and Blending. Raw materials are introduced at various points in the Refining Department. The following incomplete Work in Process account is available for the Refining Department for March: Work in Process-Refining Department Debit ok March 1 balance 31,800 Credit Completed and transferred to Blending ? Materials 155,600 Direct labor nces Overhead March 31 balance 70,200 488,000 ? The March 1 work in process inventory in the Refining Department includes materials, $7,600; direct labor, $3,200; and overhead, $21,000. Costs incurred during March in the Blending Department were materials used, $46,000; direct labor, $16,300; and overhead cost applied to production, $112,000.