3 5 points 04:24:12 ellook Quality Brick Company produces bricks in two processing departments-Molding and Firing....
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3 5 points 04:24:12 ellook Quality Brick Company produces bricks in two processing departments-Molding and Firing. Information relating to the company's operations in March follows: a. Raw materials used in production: Molding Department, $29,600; and Firing Department, $4,900. b. Direct labor costs incurred: Molding Department, $19,400; and Firing Department, $4,100. c. Manufacturing overhead was applied: Molding Department. $23,900; and Firing Department, $36,000. 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 $66,600. 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 $109,100. f. Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was $104,100. Required: Prepare journal entries to record items (a) through (f) above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 5 6 Record issuance of raw materials for use in production. 3 5 points 04:24:12 ellook Quality Brick Company produces bricks in two processing departments-Molding and Firing. Information relating to the company's operations in March follows: a. Raw materials used in production: Molding Department, $29,600; and Firing Department, $4,900. b. Direct labor costs incurred: Molding Department, $19,400; and Firing Department, $4,100. c. Manufacturing overhead was applied: Molding Department. $23,900; and Firing Department, $36,000. 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 $66,600. 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 $109,100. f. Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was $104,100. Required: Prepare journal entries to record items (a) through (f) above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 5 6 Record issuance of raw materials for use in production.
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