Answer:
1.
Dr Work-in process - Refining Department $381,000
Cr Materials $381,000
2
Dr Work-in process - Refining Department $149,000
Cr Wages Payable $149,000
3
Dr Work-in process - Refining Department $96,200
Cr Factories Overhead - Refining Department $96,200
b.
Dr Work-in process - Sifting Department
$627,600
Cr Work-in process - Refining Department $627,600
Explanation:
Radford Inc. Journal Entries to record the flow of costs into the refining department
1.
Dr Work-in process - Refining Department $381,000
Cr Materials $381,000
(To record usage of direct material)
2
Dr Work-in process - Refining Department $149,000
Cr Wages Payable $149,000
(To record usage of direct labor)
3
Dr Work-in process - Refining Department $96,200
Cr Factories Overhead - Refining Department $96,200
(To record applied manufacturing overhead)
b. Entry to record the transfer of production costs to the second department
Dr Work-in process - Sifting Department
$627,600
Cr Work-in process - Refining Department $627,600
(To transfer costs to the second department)
[$30,000 + ($381,000+$149,000+$96,200)- $28,600])
$30,000+$626,200-$28,600
=$30,000+$597,600
=$627,600
