The following information (in 000) is available for Ling Company: 
Instructions
Using the above information, prepare the closing entries for Ling Company.
Definitions:
Work in Process
Inventory that includes items that are in the process of being produced but are not yet complete; this term is often used interchangeably with "In Process" in manufacturing contexts.
Raw Materials Inventory
The stock of raw materials awaiting processing into finished goods.
Lean Environment
A workplace setting that applies lean principles to reduce waste and optimize efficiency in operational processes.
Process Problems
Issues related to the procedures or steps in manufacturing or service execution, often leading to inefficiencies or errors.
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