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 three production departments-Refining, Sitting, and Packing. Assume that records indicate that direct materials, direct labor, and applied factory overhead for the first department, Refining, were $360,000, $146,000, and $97,600, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $30,200, and work in process at the end of the period totaled $28,400. Required: a (1) On September 30, joumalize the entry to record the flow of costs into the Refining Department during the period for direct material (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, joumalize 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 the exact wording of the account titles. CNOW joumals 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 joumals will automatically indent a credit entry when a credit amount is entered Check My Work Previous All work saved. Email Instructor Save and Ext Submit Assignment for Grading ...... Entries for flow of factory costs for process cost system Instructions Chart of Accounts Journal Chart of Accounts CHART OF ACCOUNTS Radford Inc. General Ledger Check My Work ASSETS 110 Cash 121 Accounts Receivable 125 Notes Receivable 126 Interest Receivable 131 Materials 141 Work in Process-Refining Department 142 Work in Process-Siting Department 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 Suppies 433.id Insuesen REVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Goods Sold 520 Wages Expense 531 Seling Expenses 532 Insurance Expense 533 Ustes Expense 534 Supplies Expense 540 Administrative Expenses 561 Depreciation Expense Factory 500 Miscellaneous Expense 710 interest Emense All work saved 2 eBook Show Me How GO EETAL... HEETAL... Chart of Accounts 161 Finished Goods 171 Supplies 172 Prepaid Insurance 173 Prepaid Expenses 181 Land 191 Factory 192 Accumulated Depreciation-Factory 561 Depreciation Expense-Factory 590 Miscellaneous Expense 710 Interest Expense tems LIABILITIES 210 Accounts Payable 221 Uties Payable 231 Notes Payable 236 Interest Payable 251 Wages Payable Check My Work EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 300 Income Summary Previous Entries for flow of factory costs for process cost system Instructions Chart of Accounts Journal Journal a(1) On September 30, joumalize the entry to record the flow of costs into the Refining Department during the period for direct materials. Refer to the chart of accounts for the exact wording of the account sites. CNOW joumals 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. JOURNAL DATE DESCRIPTION PAGE 10 ACCOUNTING EQUATION LABUTES EQUITY POST REF DENT CREDIT ASSETS a(2). On September 30, joumatize the entry to record the flow of costs into the Refining Department during the period for direct labor Refer to the chart of accounts for the exact wording of the account Mes CNOW joumes do not use lines for spaces or joumal 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 joumale will automatically indent a credit entry when a credit amount is entered Check My Work DATE DESCRIPTION PAGE 10 JOURNAL ACCOUNTING EQUATION POST CREDIT ASSETS LATES FQUITY All work saved Previous Email instructor Save and Exit Submit Assignment for Grading eBook Show Me How Entries for flow of factory costs for process cost system Instructions Chart of Accounts Journal Journal a(2). On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for direct labor. Refer to the chart of accounts for the exact wording of the account files. 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 JOURNAL DATE DESCRIPTION PAGE 10 ACCOUNTING EQUATION POST DEBIT CREDIT ASSETS LIABILITIES EQUITY a3). On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for factory overhead. Refer to the chart of accounts for the exact wording of the account sites. CNOW joumals 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 Check My Work JOURNAL DATE OFSCRETION POSTA DENT Com AT All work saved. PAGE 10 ACCOUNTING EQUATION POURTY Previous Email Instructor Save and Exit Submit Assignment for Grading AL... AL 7% eBook Show Me How Entries for flow of factory costs for process cost system Instructions Chart of Accounts Journal Journal a(3). On September 30, joumalize the entry to record the flow of costs into the Refining Department during the period for factory overhead. Refer to the chart of accounts for the exact wording of the account sites. CNOW joumals do not use lines for spaces or joumal explanations. Every line on a joumal 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. PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST RE DENT CREDIT ASSETS LIABILITIES EQUITY 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 the exact wording of the account thes CNOW joumals do not use lines for spaces or journal explanations. Every tine on a journal page is used for debit or credit entries. Do not add explanations or skip a line between journal entries CNOW joumals will automatically indent a credit entry when a credit amount is entered Check My Work JOURNAL PAGE 10 ACCOUNTING EQUATION Previous All work saved. Email Instructor Save and Ext Submit Assignment for Grading ETAL... ETAL... eBook Show Me How Entries for flow of factory costs for process cost system Instructions Chart of Accounts Journal Journal or skip a line between journal entries. CNOW journals will automatically indent a credit entry when a credit amount is entered PAGE 10 ACCOUNTING EQUATION LATES EQUITY JOURNAL DATE DESCRIPTION POST REF DENT CREDIT ASSETS b. On September 30, journalize the entry to record the transfer of production costs to the second department, Siting. Refer to the chart of accounts for the exact wording of the account stles CNOW joumals do not use lines for spaces or journal explanations. Every Ine 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 JOURNAL DATE DESCRIPTION 1 Check My Work AGE 10 ACCOUNTING EQUATION POST DESIT CREDIT ASSETS LATES EQUITY Previous All work saved. Email Instructor Save and Exit Submit Assignment for Grading