Homework Answers
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| Sweeties Inc. | |
| Cost of goods transferred to Sifting department | Amount $ |
| Direct materials | 386,000.00 |
| Direct Labor | 145,000.00 |
| Applied Factory Overhead | 98,800.00 |
| Add: Opening work in process | 29,600.00 |
| Less: Closing work in process | 28,400.00 |
| Cost of goods transferred to Sifting department | 631,000.00 |
| Answer a | Journal Entries | ||||
| Event | Date | Description | Post. Ref. | Debit $ | Credit $ |
| 1 | 30-Sep | Work in Process- Refining | 386,000.00 | ||
| Materials | 386,000.00 | ||||
| 2 | 30-Sep | Work in Process- Refining | 145,000.00 | ||
| Wages Expense | 145,000.00 | ||||
| 3 | 30-Sep | Work in Process- Refining | 98,800.00 | ||
| Factory Overhead- Refining | 98,800.00 | ||||
| Answer b | 30-Sep | Work in Process- Sifting | 631,000.00 | ||
| Work in Process- Refining | 631,000.00 | ||||
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Journalize the Jan. 31 summary entries to record each of the following operations for January (one...
Sweeties, Inc., manufactures a sugar product by a continuous process, involving three production departments-Refining, Sifting, and...
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 $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: a. (1) On September 30, journalize the entry to record...
Entries for flow of factory costs for process cost system Instructions Chart of Accounts Journal Instructions...
Entries for flow of factory costs for process cost system Instructions Chart of Accounts Journal 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 $388,000, $141,000, and $96,800, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $29,800, and work in process at the end...
Can I get some help on this? Instructions Sweeties, Inc., manufactures a sugar product by a...
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....
Sweeties, Inc., manufactures a sugar product by a continuous process, involving three production departments-Refining, Sifting, and...
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 $360,000, $147,000, and $96,400, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $32,000, and work in process at the end of the period totaled $28,200. Required: a. (1) On September 30, journalize the entry to record...
Sweeties, Inc., manufactures a sugar product by a continuous process, involving three production departments-Refining, Sifting, and...
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These 10 pages are related to one assignment. The pages are in
(page order):
2 I Online ten-hing and iearning resource from Cengage Learning 5/10/2019 -S Equivalent Units of Producti The Converting Department of Hopkinsville Company had 640 units in work in process at the beginning of the period, which were 25% complete. During the period, 13,600 units were completed and transferred to the Packing Department here were 720 units in process at the end of he period which were...
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Radford Inc. manufactures a sugar product by a continuous process, involving three production departments- Refining, Sifting,...
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 $371,000, S142,000, 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...
1. Journalize the entries to record the operations, using the dates provided with the summary of...
1. Journalize the entries to record the operations, using the dates provided with the summary of manufacturing operations. Refer to the chart of accounts for the exact wording of the account titles. CNOWjournals do not use lines for spaces or journal explanations. Every line on a journal page is used for debitor 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...
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 $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: a. (1) On September 30, journalize the entry to record...
Entries for flow of factory costs for process cost system Instructions Chart of Accounts Journal 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 $388,000, $141,000, and $96,800, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $29,800, and work in process at the end...
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....
Old School Publishing Inc began printing operations on January 1 Jobs 301 and 302 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 303 and 304 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, 57,900 of indirect materials and $13200 of...
These 10 pages are related to one assignment. The pages are in
(page order):
2 I Online ten-hing and iearning resource from Cengage Learning 5/10/2019 -S Equivalent Units of Producti The Converting Department of Hopkinsville Company had 640 units in work in process at the beginning of the period, which were 25% complete. During the period, 13,600 units were completed and transferred to the Packing Department here were 720 units in process at the end of he period which were...
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 $371,000, S142,000, 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...
1. Journalize the entries to record the operations, using the dates provided with the summary of manufacturing operations. Refer to the chart of accounts for the exact wording of the account titles. CNOWjournals do not use lines for spaces or journal explanations. Every line on a journal page is used for debitor 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...
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