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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, $27,300; and Firing Department, $5,200. b. Direct labor costs incurred: Molding Department, $17,400; and Firing Department, $5,300. c. Manufacturing overhead was applied: Molding Department, $23,100; and Firing Department, $39,400. 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 $69,700. 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 $109,100. f. Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was $103,500. 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.) View transaction list Journal entry worksheet 1 2 3 4 5 6 < Prev 4 of 4 Next >
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