(Solved): Entries for flow of factory costs for process costing Instructions period totaled $32,000, and w ...
Entries for flow of factory costs for process costing
?Instructions 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 production costs to the second department, Sifting. General Journal General Journal Instructions a(1). On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for direct materials. PAGE 10 \table[[JOURNAL],[,,DESCRIPTION,POST. REF.,DEBIT,CREDIT,ArCOIINTING. FOIIATION],[,DATE,ASSETS,LIABILITIES,EQUITY],[1,,,,,,,,],[2,,,,,,,,]] a(2). On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for direct labor. PAGE 10 \table[[JOURNAL],[,,DESCRIPTION,POST. REF.,DEBIT,CREDIT,ArCOIINTING. FOIIATINN],[,DATE,ASSETS,LIABILITIES,EQUITY],[1,,,,,,,,],[2,,,,,,,,]] a(3). On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for factory overhead. PAGE 10 JOURNAL \table[[,,,,,,,,PAGE 10],[,,,,,,,,],[,,,,,,,INTINC. EnI,TION],[,DATE,DESCRIPTION,POST. REF.,DEBIT,CREDIT,ASSETS,LIABILITIES,EQUITY],[1,,,,,,,,],[2,,,,,,,,]] b. On September 30, journalize the entry to record the transfer of production costs to the second department, Sifting. PAGE 10 JOURNAL
