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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
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, $26,800; and Firing Department, $4,600. b. Direct labor costs: Molding Department, $17,600, and Firing Department, $5,100. c. Manufacturing overhead was applied: Molding Department, \$24,300; and Firing Department, $36,500. d. Unfired, molded bricks were transferred from the Molding Department to the Firing Department. The cost of the unfired, molded bricks was $69,300. e. Finished bricks were transferred from the Firing Department to the finished goods warehouse. The cost of the finished bricks was $109,700. f. Finished bricks were sold to customers. The cost of the finished bricks sold was $106,200. Required: Prepare journal entries to record items (a) through (f) above. Note: 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 6 Record transfer of unfired, molded bricks from the Molding Department to the Firing Department. Note: Enter debits before credits. 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, $26.800; and Firing Department, $4,600. b. Direct labor costs: Molding Department, \$17,600; and Firing Department, \$5,100. c. Manufacturing overhead was applied: Molding Department, \$24,300; and Firing Department, $36,500. d. Unfired, molded bricks were transferred from the Molding Department to the Firing Department. The cost of the unfired, molded bricks was $69,300. e. Finished bricks were transferred from the Firing Department to the finished goods warehouse. The cost of the finished bricks was $109,700 f. Finished bricks were sold to customers. The cost of the finished bricks sold was $106,200. Required: Prepare journal entries to record items (a) through (f) above. Note: 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 cost of goods sold. Note: Enter debits before credits. a. Raw materials used in production: Molding Department, $26,800; and Firing Department, $4,600. b. Direct labor costs: Molding Department, $17,600; and Firing Department, $5,100. c. Manufacturing overhead was applied: Molding Department, $24,300; and Firing Department, $36,500. d. Unfired, molded bricks were transferred from the Molding Department to the Firing Department. The cost of the unfired, molded bricks was $69,300. e. Finished bricks were transferred from the Firing Department to the finished goods warehouse. The cost of the finished bricks was $109,700. f. Finished bricks were sold to customers. The cost of the finished bricks sold was $106,200. Required: Prepare journal entries to record items (a) through (f) above. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Use a compounc journal entry as needed for each transaction. Journal entry worksheet 1 3 4 5 6 Record direct labor costs incurred. Note: Enter debits before credits. 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, $26,800, and Firing Department, $4,600. b. Direct labor costs: Molding Department, \$17,600; and Firing Department, \$5,100. c. Manufacturing overhead was applied: Molding Department, $24,300; and Firing Department, $36,500. d. Unfired, molded bricks were transferred from the Molding Department to the Firing Department. The cost of the unfired, molded bricks was $69,300. e. Finished bricks were transferred from the Firing Department to the finished goods warehouse. The cost of the finished bricks was $109,700. f. Finished bricks were sold to customers. The cost of the finished bricks sold was $106,200. Required: Prepare journal entries to record items (a) through (f) above. Note: 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. a. Raw materials used in production: Molding Department, $26,800; and Firing Department, $4,600 b. Direct labor costs: Molding Department, $17,600; and Firing Department, $5,100 c. Manufacturing overhead was applied: Molding Department, \$24,300; and Firing Department, $36,500 d. Unfired, molded bricks were transferred from the Molding Department to the Firing Department. The cost of the unfired, molded bricks was $69,300. e. Finished bricks were transferred from the Firing Department to the finished goods warehouse. The cost of the finished bricks was $109,700. f. Finished bricks were sold to customers. The cost of the finished bricks sold was $106,200 Required: Prepare journal entries to record items (a) through (f) above. Note: 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 1 2 3 4 6 Record transfer of finished bricks from the Firing Department to the finished goods warehouse. Note: Enter debits before credits. 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, $26,800; and Firing Department, $4,600. b. Direct labor costs: Molding Department, \$17,600; and Firing Department, \$5,100. c. Manufacturing overhead was applied: Molding Department, \$24,300; and Firing Department, \$36,500. d. Unfired, molded bricks were transferred from the Molding Department to the Firing Department. The cost of the unfired, molded bricks was $69,300. e. Finished bricks were transferred from the Firing Department to the finished goods warehouse. The cost of the finished bricks was $109,700. f. Finished bricks were sold to customers. The cost of the finished bricks sold was $106,200. Required: Prepare journal entries to record items (a) through (f) above. Note: 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 transection. Journal entry worksheet Record entry to apply manufacturing overhead. Note: Enter debits before credits. 6 >
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