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Exercise 4 - 1 ( Algo ) Process Costing Journal Entries [ LO 4 - 1 ] Quality Brick Company produces bricks in two processing

Exercise 4-1(Algo) Process Costing Journal Entries [LO 4-1]
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, $27,600; and Firing Department, $4,100.
b. Direct labor costs incurred: Molding Department, $19,600; and Firing Department, $4,200.
c. Manufacturing overhead was applied: Molding Department, $23,900; 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 $67,700.
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 $108,000.
f. Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold
was $103,200.
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. Use a compound journal entry as needed for each transaction.)
Journal entry worksheet
Record issuance of raw materials for use in production.
Note: Enter debits before credits.
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