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Please do all parts thankyou Quality Brick Company produces bricks in two processing departments-Molding and Firing. Information relating to the company's operations in March follows:
Please do all parts thankyou
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, $28,400; and Firing Department, $5,100. b. Direct labor costs incurred: Molding Department, $18,800; and Firing Department, $5,000. c. Manufacturing overhead was applied: Molding Department, $25,800; and Firing Department, $39,800. 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 $69,400. 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 $109,800. 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.) Step by Step Solution
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