Southern New Hampshire Univer X Home * @ 2-1 Problem Set: Module Two - X CengageNOWv2 | Online teachin X * Course Hero * + X C A @ https://v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false to ... Problem Set: Module 2 eBook Show Me How Entries for flow of factory costs for process cost system 1. EX.03.03.BLANKSHEET.AL... Instructions Chart of Accounts Journal 2. TMM.02.03 3. EX.03.06.ALGO Instructions X 4. EX.02. 13.BLANKSHEET.AL... 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 $388,000, $141,000, and $96,800, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $29,800, and work in process at the end of the period totaled $30,000. 5. EX.02.11.EXCEL.ALGO Required: X.03.05.ALGO 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. 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 Chart of Accounts 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 CHART OF ACCOUNTS 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 Radford Inc. General Ledger PAGE 10 JOURNAL ASSETS REVENUE ACCOUNTING EQUATION 110 Cash 410 Sales DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 121 Accounts Receivable 610 Interest Revenue 125 Notes Receivable 126 Interest Receivable EXPENSES 131 Materials 510 Cost of Goods Sold heck My Work Progress: 1/6 items Next Assignment Score: 27.78% Email Instructor Save and Exit Submit Assignment for Grading O 4:53 PM 1/11/2022