Obj. 1,3 EX 3-3 Entries for flow of factory costs for process cost system Domino Foods, 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 $400,000, $150,000, and $100,000, respectively. Also, work in process in the Refining Depart- ment at the beginning of the period totaled $40,000, and work in process at the end of the period totaled $35,000. Journalize the entries to record (A) the flow of costs into the Refining Department dur ing the period for (1) direct materials, (2) direct labor, and (3) factory overhead, and (B) the transfer of production costs to the second department, Sifting. EX 3-1 Entries for materials cost flows in a process cost system Obj. 1,3 The Hershey Company manufactures chocolate confectionery products. The three largest raw materials are cocoa, sugar, and dehydrated milk. These raw materials first go into the Blending Department. The blended product is then sent to the Molding Department, where the bars of candy are formed. The candy is then sent to the Packing Department, where the bars are wrapped and boxed. The boxed candy is then sent to the distribution center, where it is eventually sold to food brokers and retailers