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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, $28,500, and Firing Department, $4,100 b. Direct labor costs incurred: Molding Department, $17,300; and Firing Department, $6,000. c Manufacturing overhead was applied: Molding Department, $22,200, and Firing Department, $36,800 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 $65,400. 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 $107,500. Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was $105,400 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. Use a compound journal entry as needed for each transaction.) View transaction list Journal entry worksheet 2 3 4 5 6 Record issuance of raw materials for use in production. Note: Enter debits before credits. Transaction General Journal Debit Credit View general journal Record entry Clear entry
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