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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: Raw materials used
Quality Brick Company produces bricks in two processing departmentsMolding and Firing. Information relating to the companys operations in March follows:
Raw materials used in production: Molding Department, $; and Firing Department, $
Direct labor costs incurred: Molding Department, $; and Firing Department, $
Manufacturing overhead was applied: Molding Department, $; and Firing Department, $
Unfired, molded bricks were transferred from the Molding Department to the Firing Department. According to the companys process costing system, the cost of the unfired, molded bricks was $
Finished bricks were transferred from the Firing Department to the finished goods warehouse. According to the companys process costing system, the cost of the finished bricks was $
Finished bricks were sold to customers. According to the companys process costing system, the cost of the finished bricks sold was $
Required:
Prepare journal entries to record items a through f above. If no entry is required for a transactionevent select No journal entry required" in the first account field. Use a compound journal entry as needed for each transaction.
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