Entries for Flow of Factory Costs for Process Costing Keoni 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 $522,500, $182,900, and $120,200, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $29,300, and work in process at the end of the period totaled $36,100. 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. If an amount box does not require an entry, leave it blank. 1. 2. 3. b. Journalize the entry to record the transfer of production costs to the second department, Sifting. If an amount box does not require an entry, leave it blank.

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 $360,000, $147,000, and $96,400, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $32,000, and work in process at the end of the period totaled $28,200. 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…

Sweeties, 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 $371,000, $142,000, and $98,400, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $29,200, 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…

Howard Corporation has two production departments.  Curing has 12,000 units in process at the beginning of the period, 3 / 4 complete.  During the period, 45,000 units were received from  Crushing, 48,000 units were transferred to Finished Goods, and 9,000 units were in process at the end of the period, 2/ 3 complete.   Cost information was as follows: Cost of beginning Work in Process:      Cost in Crushing $ 21,640        Cost in Curing:         Materials 8,810       Labor 1,190       Factory overhead 2,420     Costs during the month:      Cost of goods received from Crushing $ 85,520        Cost in Curing:         Materials 53,830       Labor 10,690       Factory overhead 17,560            Total costs to be accounted for $201,660   Question: Using the information above: Determine the unit cost for the month in Curing.b.   Determine the total cost of the products transferred to…

Quality Brick Company produces bricks in two processing departments-Molding and Firing. Information relating to the company's operations in March follows: a. Raw materials used in production: Molding Department, $29,500; and Firing Department, $5,500. b. Direct labor costs incurred: Molding Department, $18,700; and Firing Department, $5,300. c. Manufacturing overhead was applied: Molding Department, $25,100; and Firing Department, $35,500. d. Unfired, molded bricks were transferred from the Molding Department to the Firing Department. According to the company's process costing system, the cost of the unfired, molded bricks was $65,900. e. Finished bricks were transferred from the Firing Department to the finished goods warehouse. According to the company's process costing system, the cost of the finished bricks was $107,100. f. Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was $104,000. Required: Prepare…

Entries for Flow of Factory Costs for Process Costing Keoni 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 $900,000, $375,000, and $2,860,000, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $175,000, and work in process at the end of the period totaled $220,000. 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. If an amount box does not require an entry, leave it blank. b.  Journalize the entry to record the transfer of production costs to the second department, Sifting. If an amount box does not require an entry, leave it blank.

The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory 0 Units started in production 23,800 Units finished during the period 17,900 Units in process at the end of the period(complete as to materials, ¼ complete as to labor and overhead) 5,900 Cost of materials used $ 59,130 Labor and overhead costs $ 61,110 Cost per equivalent unit of materials is

The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory 0 Units started in production 20,600 Units finished during the period 16,300 Units in process at the end of the period (complete as to materials, ¼ complete as to labor and overhead) 4,300 Cost of materials used $ 38,570 Labor and overhead costs $ 39,615 Cost per equivalent unit of labor and overhead is:

Howard Corporation has two production departments.  Curing has 12,000 units in process at the beginning of the period, 3 / 4 complete.  During the period, 45,000 units were received from  Crushing, 48,000 units were transferred to Finished Goods, and 9,000 units were in process at the end of the period, 2/ 3 complete.   Cost information was as follows: Cost of beginning Work in Process:      Cost in Crushing $ 21,640        Cost in Curing:         Materials 8,810       Labor 1,190       Factory overhead 2,420     Costs during the month:      Cost of goods received from Crushing $ 85,520        Cost in Curing:         Materials 53,830       Labor 10,690       Factory overhead 17,560            Total costs to be accounted for $201,660   Question: Using the information above: Determine the unit cost for the month in Curing.b.   Determine the total cost of the products transferred to…

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 $360,000, $147,000, and $96,400, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $32,000, and work in process at the end of the period totaled $28,200. 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…