chpt 17 process cost systems (IN-CLASS)
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. (2)On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for direct labor.*
sept 30. Work in Process--Refining Dept (d) 142000 Wages Payable (c) 142000
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. (1)On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for direct materials.*
sept 30. Work in Process--Refining Dept (d) 371000 Materials (c) 371000
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. (3)On September 30, journalize the entry to record the flow of costs into the Refining Department during the period for factory overhead.*
sept 30. Work in Process--Refining Dept (d) 98400 Fact. Overhead (c) 98400
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. On September 30, journalize the entry to record the transfer of production costs to the second department, Sifting.*
sept 30. Work in Process--Sifting Dept (d) 612200 Wrk Process-Ref. Dep (c) 612200