Radford Inc. manufactures a sugar product by a continuous process, involving three production departments-Refining, Sifting, and Packing. Assume th records indicate that direct materials, direct labor, and applied factory overhead for the first department, Refining, were $360,000, $147,000, and $96,40 respectively. Also, work in process in the Refining Department at the beginning of the period totaled $32,000, and work in process at the end of the peric totaled $28,200. Required: a. (1) On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for direct materials." (2) On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for direct labor." (3) On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for factory overhead." b. On September 30, journalize the entry to record the transfer of production costs to the second department, Sifting.* *Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for spaces or journal explanations. Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between journal entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 3E: Radford Inc. manufactures a sugar product by a continuous process, involving three production...
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Radford Inc. manufactures a sugar product by a continuous process, involving three production departments-Refining, Sifting, and Packing. Assume that
records indicate that direct materials, direct labor, and applied factory overhead for the first department, Refining, were $360,000, $147,000, and $96,400,
respectively. Also, work in process in the Refining Department at the beginning of the period totaled $32,000, and work in process at the end of the period
totaled $28,200.
Required:
a. (1) On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for direct materials."
(2) On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for direct labor."
(3) On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for factory overhead.*
b. On September 30, journalize the entry to record the transfer of production costs to the second department, Sifting.*
*Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for spaces or journal explanations.
Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between journal entries. CNOW journals
will automatically indent a credit entry when a credit amount is entered.
Transcribed Image Text:Radford Inc. manufactures a sugar product by a continuous process, involving three production departments-Refining, Sifting, and Packing. Assume that records indicate that direct materials, direct labor, and applied factory overhead for the first department, Refining, were $360,000, $147,000, and $96,400, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $32,000, and work in process at the end of the period totaled $28,200. Required: a. (1) On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for direct materials." (2) On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for direct labor." (3) On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for factory overhead.* b. On September 30, journalize the entry to record the transfer of production costs to the second department, Sifting.* *Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for spaces or journal explanations. Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between journal entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
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