Paulson Winery in Pleasant Valley, New York, has twodepartments: Fermenting and Packaging. Direct materials are added at the beginning of the fermenting process (grapes) and at the end of the packaging process (bottles). Data from the month of March for the Fermenting Department are as follows:Gallons Beginning Work-in-Process Inventory Started in production Completed and transferred out to Packaging in March Ending Work-in-Process Inventory (80% of the way through the fermenting process) 700 gallons 8,000 gallons 7,250 gallons 1,450 gallons Costs Beginning Work-in-Process Inventory: Direct materials Direct labor Manufacturing overhead allocated $6,760 250 260 Costs added during March: Direct materials Direct labor Manufacturing overhead allocated 4,550 417 3,278 $ 8,245 Total costs added during MarchPaulson Winery completed the following production cost report for its Fermenting Department for the month of March:Conversion costs are added evenly throughout each process. The company uses the weighted-average method. Prepare the journal entries to record the assignment of direct materials and direct labor and the allocation of manufacturing overhead to the Fermenting Department. Assume labor costs are accrued and not yet paid. Also prepare the journal entry to record the cost of the gallons completed and transferred out to the Packaging Department. Begin with the summary journal entry to record the assignment of direct materials and direct labor and the allocation of manufacturing overhead to the Fermenting Department. (Prepare a single compound journal entry. Record debits first, then credits. Exclude explanations from any journal entries.)Also prepare the journal entry to record the cost of the gallons completed and transferred out to the Packaging Department.