Exercise 5-1 Process Costing Journal Entries [LO5-1] Quality Brick Company produces bricks in two processing departmentsMolding and Firing. Information relating to the company's operations in March follows: a. Raw materials used in production: Molding Department, $28,800; and Firing Department, $4,600. b. Direct labor costs incurred: Molding Department, $19,900; and Firing Department, $5,100. c. Manufacturing overhead was applied: Molding Department, $22,800; and Firing Department, $36,300. 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 $68,000. 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 $107,100. f. Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was $106,300. 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 Record issuance of raw materials for use in production. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal View transaction list Journal entry worksheet Record direct labor costs incurred. Note: Enter debits before credits. General Journal Debit Credit Transaction b. Record entry Clear entry View general journal 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 Record entry to apply manufacturing overhead. Note: Enter debits before credits. General Journal Debit Credit Transaction c. Record entry Clear entry View general journal View transaction list Journal entry worksheet Record transfer of unfired, molded bricks from the Molding Department to the Firing Department. Note: Enter debits before credits. General Journal Debit Credit Transaction d. Record entry Clear entry View general journal View transaction list Journal entry worksheet Record cost of goods sold. Note: Enter debits before credits. General Journal Debit Credit Transaction f. Record entry Clear entry View general journal