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 $400,000, $140,000, and $92,000, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $22,400, and work in process at the end of the period totaled $27,600. Question Content Area a.  Journalize the entries to record the flow of costs into the Refining Department during the period for (1) direct materials, (2) direct labor, and (3) factory overhead. If an amount box does not require an entry, leave it blank. 1.     Work in Process-Refining Department Work in Process-Refining Department 527,700.00 Work in Process-Refining Department Materials Materials Materials 527,700.00 2.     Work in Process-Refining Department Work in Process-Refining Department 184,700.00 Work in Process-Refining Department Wages Payable Wages Payable Wages Payable 184,700.00 3.     Work in Process-Refining Department Work in Process-Refining Department 121,400.00 Work in Process-Refining Department Factory Overhead-Refining Department Factory Overhead-Refining Department Factory Overhead-Refining Department 121,400.00 Question Content Area b.  Journalize the entry to record the transfer of production costs to the second department, Sifting. If an amount box does not require an entry, leave it blank. blank     Work in Process-Sifting Department Work in Process-Sifting Department 827,000.00 Work in Process-Sifting Department Work in Process-Refining Department Work in Process-Refining Department Work in Process-Refining Department 827,000.00

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 $400,000, $140,000, and $92,000, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $22,400, and work in process at the end of the period totaled $27,600.

Question Content Area
a.  Journalize the entries to record the flow of costs into the Refining Department during the period for (1) direct materials, (2) direct labor, and (3) factory overhead. If an amount box does not require an entry, leave it blank.

1.    
Work in Process-Refining Department
Work in Process-Refining Department
527,700.00
Work in Process-Refining Department

Materials
Materials
Materials
527,700.00
2.    
Work in Process-Refining Department
Work in Process-Refining Department
184,700.00
Work in Process-Refining Department

Wages Payable
Wages Payable
Wages Payable
184,700.00
3.    
Work in Process-Refining Department
Work in Process-Refining Department
121,400.00
Work in Process-Refining Department

Factory Overhead-Refining Department
Factory Overhead-Refining Department
Factory Overhead-Refining Department
121,400.00
Question Content Area
b.  Journalize the entry to record the transfer of production costs to the second department, Sifting. If an amount box does not require an entry, leave it blank.

blank    
Work in Process-Sifting Department
Work in Process-Sifting Department
827,000.00
Work in Process-Sifting Department

Work in Process-Refining Department
Work in Process-Refining Department
Work in Process-Refining Department
827,000.00

 

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