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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 $564,300, $197,500, and $129,800, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $31,600, and work in process at the end of the period totaled $38,900.

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.

1.
2.
3.

b. Journalize the entry to record the transfer of production costs to the second department, Sifting.

7. EX.03-03 ALGO (Algoslimc) Entries for Flow of Fautury Custs for Process Cosl Srstem t AG nc., manufactura a sugar product by co tini nm ss, nv 1 re raa n d ithion departments Ratinin ei in and packing A sumat at rero ts indicate mat dract mate als direct labor, and a n A1 tat rv nvert Aad or tha fi st d atm"t Ra in w $564 197 soo and 129,800, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $31,000, and work in process at the end of the period totaled $38,900. d. Joumaze the entries to recurd the fow uf custs into Uhe Refining Deparmert duting the period for (1 ditect malerials, (2) direct labor, ad (y Fautry uverhead. b. Journalizs the cntry to record tha tranafar or producticn costs to the sacond department, Sifting

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