Radford Inc. manufactures a sugar product by a continuous process, involving three production departments-Refining, Sift
Posted: Wed May 04, 2022 4:41 pm
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 $386,000, $145,000, and $98,800,
respectively. Also, work in process in the Refining Department at
the beginning of the period totaled $29,600, and work in process at
the end of the period totaled $28,400.
Required:
*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.
a(1). On September 30, journalize the entry to record the flow
of costs into the Refining Department during the period for direct
materials. 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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a(2). On September 30, journalize the entry to record the flow
of costs into the Refining Department during the period for direct
labor. 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.
PAGE 10
JOURNAL
ACCOUNTING EQUATION
1
2
a(3). On September 30, journalize the entry to record the flow
of costs into the Refining Department during the period for factory
overhead. 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.
PAGE 10
JOURNAL
ACCOUNTING EQUATION
1
2
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.
PAGE 10
JOURNAL
ACCOUNTING EQUATION
1
2
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 $386,000, $145,000, and $98,800,
respectively. Also, work in process in the Refining Department at
the beginning of the period totaled $29,600, and work in process at
the end of the period totaled $28,400.
Required:
*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.
a(1). On September 30, journalize the entry to record the flow
of costs into the Refining Department during the period for direct
materials. 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.
PAGE 10
JOURNAL
ACCOUNTING EQUATION
1
2
a(2). On September 30, journalize the entry to record the flow
of costs into the Refining Department during the period for direct
labor. 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.
PAGE 10
JOURNAL
ACCOUNTING EQUATION
1
2
a(3). On September 30, journalize the entry to record the flow
of costs into the Refining Department during the period for factory
overhead. 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.
PAGE 10
JOURNAL
ACCOUNTING EQUATION
1
2
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.
PAGE 10
JOURNAL
ACCOUNTING EQUATION
1
2