(1). On September 30, journalize the entry to record the fiow of cosis into the...

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(1). On September 30, journalize the entry to record the fiow of cosis into the Refining Department during the period for direct materials: Refer to the chart of a the exact wording of the account tites. CNOW jouma/s do not use lines for spaces or journal explanations. Every line on a joumat page is used for debit or cred not add explanations or skip a line between journal sntries. CNOW joumals wil automatically indent a credit entry when a credit amount is entered. Chart of Accounts 151 Factory Overhead-Refining Department 533 Utities Expense 152 Factory Overhead-Sitting Department 534 Supplies Expense 153 Factory Overhead-Packing Department 540 Administrative Expenses 161 Finished Goods 561 Depreciation Expense-Factory 171 Supplies 590 Miscellaneous Expense 172 Prepaid Insurance 710 Interest Expense 173 Prepaid Expenses 181 Land 191 Factory 192 Accumulated Depreciation-Factory LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 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 ex the account tities. CNOW journals do not use lines for spaces or journal explanations. Every fine on a joumal page is used for debit or credit entries. Do not or skip a tine berween journal entries. CNOW journyls wil automaticaly indent a credit entry when a credit amount is entered. CHART OF ACCOUNTS Radford Inc. General Ledger ASSETS 110 Cash 121 Accounts Receivable 125 Notes Receivable 126 Interest Receivable 131 Materials 141 Work in Process-Refining Department 142 Work in Process-Sifting Department 143 Work in Process-Packing Department 151 Factory Overhead-Refining Department 152 Factory Overhead-Siftina Department 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 Radford Inc. manufactures a sugar product by a continuous process, involving three production departments-Refining, Sitting, and Packing Assume that records indicate that direct materials, direct labor, and applied tactory 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. Required: a. (1) On September 30 , joumalize the entry to record the flow of costs into the Refining Department duning the period for direct materials: (2) On September 30 , joumafize the entry to record the flow of cosis into the Refining Department during che period for direct labor, " (3) On September 30, journalize the entry to record the fow of costs into the Refining Department duning the period for factory averhesd. b. On September 30 , journalize the entry to record the transter of production costs to the second department, Sirting." -Reter to the chart of accounts for the exact wording of the account btes. 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 explanabions or skip a line bemeen journal ehries. CNow journals will automatically indent a credit entry when a credit amount is entered. 192 Accumulated Depreciation-Factory a(2). On September 30 , joumalize the entry to record the flow of costs into the Refining Department during the period for direct labor. Reter to the chart of accor exact wording of the account tites. CNOW journals do not use lines for spaces or journal explanations. Every line on a journal page is used for debr or credit add explanabions or skjp a line between journal entries. CNOW journats will automatically indent a credit entry when a credir amount is entered. a(3). On September 30, journalize the entry to record the flow of costs into the Rofining Department during the periad for factory overhead. Refer to the chart the exact wording of the account tities. CNOW joumals do not use fines for spaces or journal explanations. Every line on a journal page is used for debit or not add explanations or skip a line between journal entries. CNOW journals wilf automatically indent a credit entry when a credit amount is entered

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