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, $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.
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.

Please see explanation for answers

Explanation:

a(1)Journal Entry To record direct material      

Date               Accounting titles                         Debit               Credit  

Sept 30Work in process-Refining department$371,000  

         Materials                                                                               $371,000

a(2)Journal Entry To record direct labour  

Sept 30   Work in process-Refining department$142,000  

                 Wages payable                                                          $142,000  

a(3)Journal Entry To record overhead applied

Sept 30Work in process-Refining department   $98,400  

factory overhead-refining department                                        $98,400

a(4) Journal entry to record transferred goods from refining to sifting

Date               Accounting titles                         Debit               Credit

Sept 30Work in process-Sifting department$612,200  

Work in process-Refining department                                    $612,200

Calculation:

Cost of transfer of  goods from refining to sifting =Beginning work in process + direct materials+ direct labor +factory overhead - ending working in process  

=29,200+371,000+142,000+98,400-28,400 =  $612,200

the second one is 3mm

because i just took the test

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