Question

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 of the period totaled $30,000. 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. Check My Work Email Instructor gnment Score: 25% All work saved. 2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?inprogress=true&skipRedirect=true# AS @ Dw] e

Answer 1

a.

	Date	Description	Post Ref	Debit	Credit
1	Sep 30	Work In Process-Refining Department		388,000
		Materials			388,000
2	Sep 30	Work In Process-Refining Department		141,000
		Wages Payable			141,000
3	Sep 30	Work In Process-Refining Department		96,800
		Factory Overhead-Refining Department			96,800

b.

Date	Description	Post Ref	Debit	Credit
	Work in Process-Shifting Department		625,600
	Work In Process-Refining Department			625,600
	[29800+388,000+141,000+96,800-30,000]