Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac

Exercise 60

Entries for flow of factory costs for process cost system
Domino Foods, 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 $372,000, $143,000, and $98,400, respectively. Also, work in process in the Refining Department at the beginning or the period totaled $29,400, and work in process at the end of the period totaled $28,700.
Journalize the entries to record (a) the flow of costs into the Refining Department during the period for (l) direct materials, (2) direct labor, and (3) factory overhead, and (b) the transfer of production costs to the second department, Sifting.