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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 in
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, $23,000, and Firing Department, $8,000. b. Direct labor costs incurred: Molding Department. $12,000; and Firing Department, $7000 c. Manufacturing overhead was applied: Molding Department, $25,000; and Firing Department, $37.000 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 $57,000 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 $103,000 + Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was $101,000 -1 Required: Prepare journal entries to record items (a) through (1) above, if no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction lit Journal entry worksheet 2 3 4 6 1 6 Record issuance of raw materials for use in production Required: Prepare journal entries to record items (a) through (1) 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 Record issuance of raw materials for use in production Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general Journal Required: Prepare journal entries to record items (a) through (1) 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 Record direct labor costs incurred. Note: Enter debits before credits General Journal Debit Credit Transaction b. Record entry Clear entry View general Journal Required: Prepare journal entries to record items (a) through (1) 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 2 3 5 6 Record entry to apply manufacturing overhead. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal 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 3 4 6 Record transfer of unfired, molded bricks from the Molding Department to the Firing Department Note: Enter debits before credits Transaction General Journal Debit Credit d Record entry Clear entry View general Journal 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 Record transfer of finished bricks from the Firing Department to the finished goods warehouse Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal Prev 1 of 5 Next > Required: Prepare journal entries to record items (a) through (1) 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 4 5 6 Record cost of goods sold. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal
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