Question

Can I get some help on this?

Instructions Sweeties, 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 $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) 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 exact wording of account titles

Answer 1

Please give positive ratings so I can keep answering. It would help me a lot. Please comment if you have any query. Thanks!

Sweeties Inc.			Answer a		Journal Entries
Cost of goods transferred to Sifting department	Amount $		Event	Date	Description	Post. Ref.	Debit $	Credit $
Direct materials	371,000.00		1	30-Sep	Work in Process- Refining		371,000.00
Direct Labor	142,000.00				Materials			371,000.00
Applied Factory Overhead	98,400.00
Add: Opening work in process	29,200.00		2	30-Sep	Work in Process- Refining		142,000.00
Less: Closing work in process	28,400.00				Wages Expense			142,000.00
Cost of goods transferred to Sifting department	612,200.00
			3	30-Sep	Work in Process- Refining		98,400.00
					Factory Overhead- Refining			98,400.00
			Answer b	30-Sep	Work in Process- Sifting		612,200.00
					Work in Process- Refining			612,200.00