Chapter $5$ Homework $($i$)$

Help

$1$

$4$ points

ubrace$(ubrace{)}_{\text{e}\text{B}\text{o}\text{o}\text{k}}$

Hint

Required:

Ask

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, $$29,500$; and Firing Department, $$5,500.$

b$.$ Direct labor costs incurred: Molding Department, $$17,600$; and Firing Department, $$4,900.$

c$.$ Manufacturing overhead was applied: Molding Department, $$23,700$; and Firing Department, $$35,200.$

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 $$65,000.$

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 $$108,900.$

f$.$ Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was $$104,300.$

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.$)$