Exercise 5-1 (Algo) Process Costing Journal Entries [LO 5-1) 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. $27,800; and Firing Department, $4,200. b. Direct labor costs incurred: Molding Department, $16,000; and Firing Department, $4,700. c. Manufacturing overhead was applied: Molding Department, $22,100; and Firing Department, $35,600 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 $69.700. 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 $108,700 1. Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was 5103,400 Required: Prepare journal entries to record items (a) through (1) above. Of no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction ist