Quality Brick Company Journal Entries

1-6

Instructions:

Journal Entries 1-6:

General journal options:

Journal entry worksheet Record cost of goods sold. Note: Enter debits before credits. Journal entry worksheet Record transfer of finished bricks from the Firing Department to the finished goods warehouse. Note: Enter debits before credits. Manufacturing overhead Raw materials Salaries and wages payable Work in process-Firing Department Work in process-Molding Department Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet 6 Record entry to apply manufacturing overhead. Note: Enter debits before credits. No journal entry required Cash Cost of goods sold Finished goods 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, \$26,500; and Firing Department, \$5,300. b. Direct labor costs incurred: Molding Department, $19,100; and Firing Department, $5,200. c. Manufacturing overheod was opplied: Molding Department, $24,200; and Firing Department, $37,600. 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 $65,000. e. Finished bricks were transferted from the Firing Department to the finished goods warehouse. According to the company's process costing system, the cost of the finished bricks was $109,000. t. Finished bricks were sold to custorners. According to the company's process costing system, the cost of the finished bricks sold was $106,000 Required: Prepare joutnal entries to record items (0) through (f) above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account fleid.) Journal entry worksheet Record issuance of raw materials for use in production. Note: Enter debits before credits. Journal entry worksheet Record transfer of unfired, molded bricks from the Molding Department to the Firing Department. Note: Enter debits before credits