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Chap 5: Exercises (1 pt) 0 014 points 1 042239 Seved Quality Brick Company produces bricks in two processing departments-Molding and Firing. Information relating
Chap 5: Exercises (1 pt) 0 014 points 1 042239 Seved 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, $26,200; and Firing Department, $5,000 b. Direct labor costs incurred: Molding Department, $19,800, and Firing Department, $5,900. c. Manufacturing overhead was applied: Molding Department, $25,700; and Firing Department, $36,600. 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 $67,800 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 $109,600 t. Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was $104,200. References 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 34 5 6 Record issuance of raw materials for use in production. Note: Enter debits before credits Transaction General Journal Debit Credit
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