Entries for Flow of Factory Costs for Process Cost System Sweeties, Inc., manufa

Question

Entries for Flow of Factory Costs for Process Cost System 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 $499,400, $174,800, and $114,900, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $28,000, and work in process at the end of the period totaled $34,500 a. Journaize 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.

Explanation / Answer

1 Work in Process­Refining Department 499400          Materials inventory 499400 2 Work in Process­Refining Department 174800         Wages Payable 174800 3 Work in Process­Refining Department 114900         Factory Overhead­Refining Department 114900 b Work in Process­Sifting Department 782600 =28000+499400+174800+114900-34500         Work in Process­Refining Department 782600

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