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Exarclse 4-1 (Algo) Process Costing Journal Entries [LO 4-1] Quanty firck Company producen bricks in two processing departments-Molding and Fing. Informintion selating to the comparf/

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Exarclse 4-1 (Algo) Process Costing Journal Entries [LO 4-1] Quanty firck Company producen bricks in two processing departments-Molding and Fing. Informintion selating to the comparf/ opterations in March follows: a. Raw matenats used is producilori, Molding Department, \$26, 200; and Firing Department, 54,100 . b. Direct labor costs incured: Molifing Department, $18,600; and Fiting Department, $4700. C. Manufacluring ovethead was applied: Molding Depariment, $25,700, and Fiting Department, $35,200. d. Unfired, molded bricks were transiened from the Molding Departinent to the Firing Depurtment. According to ihe coingany?s process costing system, the cost of the uhilired, molded bricks was 567,200 c. Finished bricks were uansferred from the Finng Department to the finished goads watehouse. According to the compainy) process costing sysiem, the cost of the linished bricks was 5107.700; f. Finished oricks were sold to customert: According to the compariys process coting system, the cost of the fleishied biticks sold wars 5104,400 Required: Pcepare joutnal entries to record tiems (0) through (f) above, (if no entry is required for a transaction/event. saiect "Mo journal entry required" In the first account fleid. Use a compound joumsi entry as needed for each transaction.)

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