Instructions 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 $360.000, $147,000, and 596,400, respectively Also, work in process in the Refining Department at the beginning of the period totaled $32,000, and work in process at the end of the period totaled $28,200 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, joumalize 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 odats into the Refining Department during the period for factory overhead b. On September 30, joumatize 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 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 joumals will automatically indent a credit entry when a credit amount is entered ETAL ETAL Instructions Chart of Accounts Journ Instructions Radford Inc. manufactures a sugar product by a continuous process, involving three production departments-Refining. Sitting, and Packing Assume that records indicane that direct materials, direct labor, and applied factory overhead for the first department. Refining, were $350.000. $147,000 and 508,400, respectively Also, work in process in the Refining Department at the beginning of the period totaled $32.000, and work in process at the end of the period totaled $28.200 Required (1) On September 30, journalize the entry to record the Now of costs into the Refining Department during the period for direct materials (2) On September 30, joumalize the entry to record the Row of costs into the Refining Department during the period for direct bor (3) On September 30, joumalize the antry to record the Overhead osts into the Refining Department during the period for factory b. On September 30, joumalize 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 teles CNOW joumals do not use ines for spaces or joumal explanations. Every line on a joumal page is used for debit or credit entes. 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 x $3 2233 As $3 ASSETS 110 Cash 121 Accounts Receivable 125 Notes Receivable 120 Interest Receivable 131 Materials CHART OF ACCOUNTS Radford Inc. General Ledger 141 Work in Process-Refining Department 142 Work in Process-Sitting 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 Supplies 172 Prepaid insurance 173 Prepaid Expenses REVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Goods Sold 520 Wages Expense 531 Selling Expenses 532 Insurance Expense 533 Utilities Expense 534 Supplies Expense 540 Administrative Expenses 501 Depreciation Expense-Factory 500 Miscellaneous Expense 710 Interest Expense 153 Factory Overhead-Packing Department 181 Finished Goods 171 Supplies 172 Prepaid Insurance 173 Prepaid Expenses 181 Land 101 Factory 102 Accumulated Depreciation-Factory 540 Administrative Expenses 501 Depreciation Expense-Factory 500 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 221 Uities Payable 231 Notes Payable 230 Interest Payable 251 Wages Payable EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 390 Income Summary Joumal a) 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 CNOW joumals do not use lines for speces 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 endent a credit entry when a credit amount is entered PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DCCTION POSTA DONT CAT ASSETS LAMITIES EQUITY *(2) On September 30, joumalize 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 accounts CNOW joumals do not use ines for spaces or journal explanations. Every line on a joumal page is used for debit or credit entries. Do not add explanations or skip a line between joumal entries. CNOW joumals will automatically indent a credit entry when a credit amount is entered INC 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST CREDIT ASSETS LABUT EQUITY a) On September 30, joumalire the entry to record the flow of costs into the Refining Department during the penod for factory overhead Refer to the chart of accounts for b exed wording of the accounts CNOW joumals 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 joumal entries CNOW joumals will automatically indent a credit entry when a credit amount a entered PAGE 10 JOURNAL ACCOUNTING EQUATION cure DESCRIPTION POST CREDIT On September 30, joumalize 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 les CNOW journals do not use Ines 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 joumal entries: CNOW joumale will automatically indent a credit entry when a credit amount is entered G10 JOURNAL ACCOUNTINGQUATION DATE DESCRIPTION POST RET DONT CREDIT ASSETS LABUTES CQUITY