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30 January, 13:22

g"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 $381,000, $149,000, and $96,200, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $30,000, and work in process at the end of the period totaled $28,600."

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  1. 30 January, 13:50
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    to record direct materials used by refining department:

    Dr Work in process - refining department 381,000

    Cr Raw materials 381,000

    to record direct labor used by refining department:

    Dr Work in process - refining department 149,000

    Cr Wages - direct labor 149,000

    to record factory overhead allocated to refining department:

    Dr Work in process - refining department 96,200

    Cr Factory overhead 96,200

    The work in process passed to the next department (sifting) will be: beginning WIP + WIP raw materials + WIP wages + WIP overhead - ending WIP = $30,000 + $381,000 + $149,000 + $96,200 - $28,600 = $627,600

    Dr Work in process - sifting department 627,600

    Cr Work in process - refining department 627,600
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