eBook Show Me How Entries for flow of factory costs for process cost system Instructions Chart of Accounts Journal Instructions Radford Inc. manufactures a sugar product by a continuous process, involving the production departments-Refring, Siting, and Packing. Assume that records indicate that direct materials, direct labor, and applied factory overhead for the first department. Retning, were $381,000, 5140,000 and 500,200, pectvely. Also, work in process in the Putining Department at the beginning of the period towed $30,000, and work in process at the end of the period totaled $28,000 Required: a. (1) On September 30, joumalize 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 13) On September 30. journalize the entry to record the flow of costs into the Fotining Department during the period to factory overed b. On September 30, journalize the entry to record the transfer of production costs to the second department, Sing "Refer to the chart of accounts for the exact wording of the account titles. CNOWjournals do not use lines for sponsor journal explanations Every line on a journal page is used for debitor credit entries. Do not add explanations or skip a line between joumanie CNOW uma will automatically indent a credit entry when a credir amount is entered MED Chart of Accounts CHART OF ACCOUNTS Radford Inc. General Ledger ASSETS REVENUE 110 Cash 410 Sales 610 Interest Revenue 121 Accounts Receivable 125 Notes Receivable 126 Interest Receivable EXPENSES 131 Materials 141 Work in Process-Refining Department 142 Work in Process-Sifting Department 510 Cost of Goods Sold 520 Wages Expense 531 Selling Expenses x that iking Chart of Accounts 143 Work in Process-Packing Department 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 532 Insurance Expense 533 Utilities Expense 534 Supplies Expense 540 Administrative Expenses 561 Depreciation Expense Factory 590 Miscellaneous Expense 710 Interest Expense 191 Factory 192 Accumulated Depreciation-Factory Chart of Accounts 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 Entries for flow of factory costs for process cost wystem Instruction Chart of Accounta Journal Instructions Joumal a/1). On September 30, jumal the entry to record the flow of costs into the Motining barment during the per for direct matter to the chart of contract wording of the account is CNOW Os do not use ines for spaces er uma explorations. Every ine on a paper or Do not spons or skip a ine between oumal entries. CNow we will automatically indent a credit and when a credit amount is to NES OURA ACCOUNTING EQUATION DATE DESCRIPTION POST REF DEBIT CHIT AUT LITE EQUITY Chart of Accounts Journal Instructions Journal a/21 On September 30, jumalize the entry to record the flow of con into the Refring Department during the period for decabor Refer to the chart of accounts rec wording of the account is NOW journals do not use lines for spaces of joumains. Every time on your pages for corredores Do not add explanations or skja in between journal entries. CNOW journals will automatically indenta credit when a crear amounts entered WE OURAL ACCOUNTING EQUATION DATE DESCIUPTION POSTE CE AISET LABU co