Question
PLease help! Entries for Flow of Factory Costs for Process Cost System Sweeties, Inc., manufactures a sugar product by a continuous process involving three production
PLease help!
Entries for Flow of Factory Costs for Process Cost System
Sweeties, Inc., manufactures a sugar product by a continuous process involving three production departmentsRefining, Sifting, and Packing. Assume that records indicate that direct materials, direct labor, and applied factory overhead for the first department, Refining, were $487,100, $170,500, and $112,000, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $27,300, and work in process at the end of the period totaled $33,600.
a. Journalize the entries to record the flow of costs into the Refining Department during the period for (1) direct materials, (2) direct labor, and (3) factory overhead.
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b. Journalize the entry to record the transfer of production costs to the second department, Sifting.
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