Instructions Radford Inc. manufactures a sugar product by a continuous process, involving three production departments-Refining, Dining, and Packing. Assume that records indicate that direct materials, direct labor, and applied factory overhead for the first department, Refining, were $371,000, $142,000, and $98,400, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $29.200, and work in process at the end of the period totaled $28.400 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) a) On September 30, joumalize the entry to record the flow of costs into the Refining Department during the period for direct labor." On September 30, joumalize the entry to record the flow of costs into the Refining Department during the period for factory overhead b. On September 30, joumalize the entry to record the transfer of production costs to the second department, Sing "Refer to the chart of accounts for the exact wording of the account sites. CNOW joumals do not use lines for spaces or joumal explanations Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between joumal entries CNOW joumari will automatically indent a credit entry when a credit amount is entered
Instructions Radford Inc. manufactures a sugar product by a continuous process, involving three production departments-Refining, Dining, and Packing. Assume that records indicate that direct materials, direct labor, and applied factory overhead for the first department, Refining, were $371,000, $142,000, and $98,400, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $29.200, and work in process at the end of the period totaled $28.400 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) a) On September 30, joumalize the entry to record the flow of costs into the Refining Department during the period for direct labor." On September 30, joumalize the entry to record the flow of costs into the Refining Department during the period for factory overhead b. On September 30, joumalize the entry to record the transfer of production costs to the second department, Sing "Refer to the chart of accounts for the exact wording of the account sites. CNOW joumals do not use lines for spaces or joumal explanations Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between joumal entries CNOW joumari will automatically indent a credit entry when a credit amount is entered
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Instructions
Radford Inc. manufactures a sugar product by a continuous process, involving three production departments-Refining, Dining, and Packing. Assume that records indicate that direct materials, direct labor, and applied factory overhead for the first
department, Refining, were $371,000, $142,000, and $98,400, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $29.200, and work in process at the end of the period totaled $28.400
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)
a)
On September 30, joumalize the entry to record the flow of costs into the Refining Department during the period for direct labor."
On September 30, joumalize the entry to record the flow of costs into the Refining Department during the period for factory overhead
b. On September 30, joumalize the entry to record the transfer of production costs to the second department, Sing
"Refer to the chart of accounts for the exact wording of the account sites. CNOW joumals do not use lines for spaces or joumal explanations
Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between joumal entries CNOW joumari
will automatically indent a credit entry when a credit amount is entered
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