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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:

Quality Brick Company produces bricks in two processing departmentsMolding and Firing. Information relating to the companys operations in March follows:

  1. Raw materials used in production: Molding Department, $27,400; and Firing Department, $5,700.
  2. Direct labor costs incurred: Molding Department, $17,400; and Firing Department, $5,700.
  3. Manufacturing overhead was applied: Molding Department, $24,300; and Firing Department, $36,500.
  4. 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 $68,800.
  5. 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 $108,800.
  6. Finished bricks were sold to customers. According to the companys process costing system, the cost of the finished bricks sold was $104,200.

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No Transaction General Journal Debit Credit 1 a. Work in processMolding Department Work in processFiring Department Raw materials 2 b. Work in processMolding Department Work in processFiring Department Salaries and wages payable 3 C. Work in process-Molding Department Work in processFiring Department Manufacturing overhead 4 d. Work in processFiring Department Work in processMolding Department 5 e. Finished goods Work in processFiring Department 6 f. Cost of goods sold Finished goods

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