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Arizona Brick Corporation produces bricks in two processing departmentsMoulding and Firing. Information relating to the company's operations in March follows: a. Raw materials were issued
Arizona Brick Corporation produces bricks in two processing departmentsMoulding and Firing. Information relating to the company's operations in March follows: a. Raw materials were issued for use in production: Moulding Department, $32,000; Firing Department. $8,200. b. Direct labour costs were incurred: Moulding Department, $26,300; Firing Department, $6,450. c. Manufacturing overhead was applied: Moulding Department, $27,500; Firing Department, $37,000. d. Unred, moulded bricks were transferred from the Moulding Department to the Firing Department. According to the com pany's process costing system, the cost of the unfired, moulded bricks was $81,250. 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 nished bricks was $124,200. f. Finished bricks were sold to customers. According to the company's process costing system, the cost of the nished bricks sold was $120,300. Esquired: Prepare journal entries to record items {a} through it) above. View transaction list Journal entry worksheet
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