Click to watch the Tell Me More Leaming Objective 3 video and then answer the questions below. 1. Which of the following accounts are NOT likely appear in a job order cost system of a service business? a. Finished Goods b. Work in Process c. Factory Overhead d. None of these choices are correct. 2. The primary costs for a service business includes a. materials b. supplies c. direct labor d. All of these choices are correct. Radtord inc. manutactures a sugar product by a continuous process, involving three production departments-Relining. sunting, and Paching Assume that records indicate that direct maferiats, direct labor, and applied factory overhead for the first departmant, Pefining, were 5385,000 , 5145,000 , and 598,800, respectively. Aso, work in process in the Refining Department at the beginning of the period totaled s29,600, and work in process at the end of the period totaled $28,400 Required: a (1) On September 30, joumake the entry to recard the fow of costs info the Refining Department duning the pericd for direct matorias " (2) On September 30, journaize the entry to record the fouv of cosfs sto the fefining Department dunng the penod for direct labor " (3) On September 30 , jocknaize the entry to record the fow of costs into the Refining Department during the period for factory averthead * b. On Sepiember 30 , joumaicze the entry to recovd the fransfor of production costs fo the second department, Sifing * PRefer fo the charf of accounts for the exacf wording of the account twes chow journats do not use ines for apaces or joumal explanations. Every lipe on a joumal page is used for dobit of credef entries Do nof add explanabons or sikip a whe between journat entries Chart of Accounts CHART OF ACCOUNTS Radford inc. General Ledger ASSETS 110 Cash 121 Accounts Receivable 125 Notes Receivable 126 interest Receivable 131 Materials 141 Work in Process-Refining Department 142. Work in Process-Sitting Department 143 Work in Process-Packing Department REVENUE 410 Sales 610 interest Revenue EXPENSES 510 Cost of Goods Sold 520 Wages Expense 531 Selling Expenses 532 Insurance Expense 532 Iltilitiac Fynnnca Chart of Accounts of 151 Factory Overhead-Refining Department 152 Factory Overhead-Sifting Department 153 Factory Overhead-Packing Department 161 Finished Goods 171 Supplies 172 Prepaid Insurance 173 Prepaid Expenses 181 Land 191 Factory 533 Utilities Expense 534 Supplies Expense 540 Administrative Expenses 561 Depreciation Expense-Factory 590 Miscellaneous Expense 710 Interest Expense 192 Accumulated Depreciation-Factory LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable Chart of Accounts of LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 251 Wages Payable EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 390 Income Summary a(1). On September 30, joumalze the entry to record the fow of costs info the Fefinang Department during the period for direct materiaks. Refer to the chart the exact wording of the account tates. CNOW joumals do not use lines for spaces or joumal explanations Every line on a journal pege is used for debit or not odd explanations or skip a line between joumat entries. CNOWjoumais wil aufomatically indent a credit entry when a credit amount is entered (2). On September 30 , journalize the entry to record the fow of costs into the Refining Department during the period for direct labor. Refer to the chart o axact wording of the account ttes. CNOW joumals do not use lines for spaces or joumal explanations. Every line on a joumal page is used for debit or