Entries for Flow of Factory Costs for Process Cost SystemRadford Inc. manufactures a sugar product by a continuous process, involving three production departments-Refining, Sifting, and Packing. Assume that records indicatethat direct materials, direct labor, and applied factory overhead for the first department, Refining, were $281,700, $98,600, and $64,800, respectively. Also, work inprocess in the Refining Department at the beginning of the period totaled $15,800, and work in process at the end of the period totaled $19,400.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. Ifan amount box does not require an entry, leave it blank.1.2.3.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. Costs per Equivalent UnitThe following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production.ACCOUNT Work in Process-Baking DepartmentDateItemDec. 1 Bal., 7,200 units, 2/5 completed31 Direct materials, 129,600 units31 Direct laborDebitCredit220,32059,51033,478ACCOUNT NO.315,216BalanceDebit14,112234,432293,94231 Factory overhead327,42031 Goods finished, 131,400 units12,20431 Bal., ? units, 4/5 completed12,204Xa. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent.Credit1. Direct materials cost per equivalent unit2. Conversion cost per equivalent unit3. Cost of the beginning work in process completed during December4. Cost of units started and completed during December5. Cost of the ending work in processb. Assuming that the direct materials cost is the same for November and December, did the conversion cost per equivalent unit increase, decrease, or remain the same inDecember?

Name: Entries for Flow of Factory Costs for Process Cost SystemRadford Inc.
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Description: Entries for Flow of Factory Costs for Process Cost SystemRadford Inc. manufactures a sugar product by a continuous process, involving three production departments-Refining, Sifting, and Packing. Assume that records indicatethat direct materials, dir

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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 $281,700, $98,600, and $64,800, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $15,800, and work in process at the end of the period totaled $19,400. 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. 2. 3. 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.

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 $281,700, $98,600, and $64,800, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $15,800, and work in process at the end of the period totaled $19,400. 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. 2. 3. 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.

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