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 $386,000, $145,000, and $98,800, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $29,600, and work in process at the end of the period totaled $28,400.

Required:

a.(1)On September 30, journalize 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.*(3)On September 30, journalize 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 journals do not use lines for spaces or journal explanations

CHART OF ACCOUNTSRadford Inc.General Ledger

ASSETS

110Cash121Accounts Receivable125Notes Receivable126Interest Receivable131Materials141Work in Process-Refining Department142Work in Process-Sifting Department143Work in Process-Packing Department151Factory Overhead-Refining Department152Factory Overhead-Sifting Department153Factory Overhead-Packing Department161Finished Goods171Supplies172Prepaid Insurance173Prepaid Expenses181Land191Factory192Accumulated Depreciation-Factory

LIABILITIES

210Accounts Payable221Utilities Payable231Notes Payable236Interest Payable251Wages Payable

EQUITY

311Common Stock340Retained Earnings351Dividends390Income Summary

REVENUE

410Sales610Interest Revenue

EXPENSES

510Cost of Goods Sold520Wages Expense531Selling Expenses532Insurance Expense533Utilities Expense534Supplies Expense540Administrative Expenses561Depreciation Expense-Factory590Miscellaneous Expense710Interest Expense

a(1). On September 30, journalize 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 titles. 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.

PAGE 10

JOURNAL

ACCOUNTING EQUATION

DATEDESCRIPTIONPOST. REF.DEBITCREDITASSETSLIABILITIESEQUITY1

2

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 titles. 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.

PAGE 10

JOURNAL

ACCOUNTING EQUATION

DATEDESCRIPTIONPOST. REF.DEBITCREDITASSETSLIABILITIESEQUITY1

2

a(3). 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 titles. 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.

PAGE 10

JOURNAL

ACCOUNTING EQUATION

DATEDESCRIPTIONPOST. REF.DEBITCREDITASSETSLIABILITIESEQUITY1

2

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 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.

PAGE 10

JOURNAL

ACCOUNTING EQUATION

DATEDESCRIPTIONPOST. REF.DEBITCREDITASSETSLIABILITIESEQUITY1

2