11.

value: 5.78 points

Exercise 4-1 Process Costing Journal Entries [LO1]

Arizona Brick Corporation produces bricks in two processing departmentsMolding and Firing. Information relating to the company's operations in March follows:

a.	Raw materials were issued for use in production: Molding Department, $28,300; and Firing Department, $5,500.
b.	Direct labor costs were incurred: Molding Department, $17,100; and Firing Department, $4,400.
c.	Manufacturing overhead was applied: Molding Department, $25,500; and Firing Department, $39,500.
d.	Unfired, molded bricks were transferred from the Molding Department to the Firing Department. According to the company's process costing system, the cost of the unfired, molded bricks was $66,200.
e.	Finished bricks were transferred from the Firing Department to the finished goods warehouse. According to the company's process costing system, the cost of the finished bricks was $107,400.
f.	Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was $106,300.

Required:

Prepare journal entries to record items (a) through (f) above.

	General Journal	Debit	Credit
a.	(Click to select)Raw materialsWork in process-Firing DepartmentWork in process-Molding DepartmentCashSalaries and wages payableManufacturing overheadCost of goods soldFinished goods
	(Click to select)CashWork in process-Firing DepartmentSalaries and wages payableWork in process-Molding DepartmentManufacturing overheadFinished goodsRaw materialsCost of goods sold
	(Click to select)Manufacturing overheadRaw materialsSalaries and wages payableCost of goods soldWages expenseFinished goodsWork in process-Firing DepartmentWork in process-Molding Department
b.	(Click to select)Salaries and wages payableRaw materialsFinished goodsCost of goods soldWork in process-Firing DepartmentManufacturing overheadWork in process-Molding DepartmentCash
	(Click to select)Cost of goods soldSalaries and wages payableFinished goodsWork in process-Firing DepartmentManufacturing overheadRaw materialsWork in process-Molding DepartmentCash
	(Click to select)Cost of goods soldWages expenseWork in process-Molding DepartmentManufacturing overheadRaw materialsSalaries and wages payableFinished goodsWork in process-Firing Department
c.	(Click to select)CashRaw materialsFinished goodsManufacturing overheadCost of goods soldSalaries and wages payableWork in process-Molding DepartmentWork in process-Firing Department
	(Click to select)Salaries and wages payableRaw materialsCost of goods soldWork in process-Firing DepartmentCashWork in process-Molding DepartmentManufacturing overheadFinished goods
	(Click to select)Manufacturing overheadSalaries and wages payableFinished goodsWages expenseCost of goods soldRaw materialsWork in process-Molding DepartmentWork in process-Firing Department
d.	(Click to select)Work in process-Firing DepartmentSalaries and wages payableCost of goods soldManufacturing overheadWork in process-Molding DepartmentFinished goodsRaw materialsWages expense
	(Click to select)Work in process-Molding DepartmentWages expenseRaw materialsFinished goodsManufacturing overheadCost of goods soldWork in process-Firing DepartmentSalaries and wages payable
e.	(Click to select)Work in process-Molding DepartmentRaw materialsCost of goods soldManufacturing overheadSalaries and wages payableWork in process-Firing DepartmentFinished goodsWages expense
	(Click to select)Work in process-Molding DepartmentRaw materialsFinished goodsWages expenseCost of goods soldSalaries and wages payableWork in process-Firing DepartmentManufacturing overhead
f.	(Click to select)Salaries and wages payableWork in process-Molding DepartmentCost of goods soldWork in process-Firing DepartmentFinished goodsRaw materialsManufacturing overheadWages expense
	(Click to select)Work in process-Firing DepartmentWages expenseRaw materialsWork in process-Molding DepartmentSalaries and wages payableCost of goods soldManufacturing overheadFinished goods

578 points Exercise 4-1 Process Costing Journal Entries [L01] Arizona Brick Corporation produces bricks in two processing departments-Molding and Firing. Information relating to the company's operations in March follows: a. Raw materials were issued for use in production: Molding Department, s and Firing Department $5.500. b. Direct labor costs were incurred: Molding Department, S17,100: and Firing Department, S4.400 c. Manufacturing overhead was applied: Molding Department, S25,500; and Firing Department, S30,500. d.Unfired, molded bricks were transferred from the Molding Department to the Firing Department. According to the company's process costing system, the cost of the unfired, molded bricks was 500.200. e Finished bricks were transferred from the Firing Department to the finished goods warehouse. According to the company's process costing system, the cost of the finished bricks was s 107,400. f. Finished bricks were sold to customers. According to the companys process costing system. the cost of the finished bricks sold was S106,300. Required: Prepare journal entries to record items (a) through ff) above. General Journal Debit Credit a. Click to select Click to select Click to select b. (Click to select) Click to select Click to select Click to select Click to select Click to select Click to select Click to select Click to select Click to select f Click to select (Click to select)