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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 | ||||
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 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...
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