Question
Quality Brick Company produces bricks in two processing departmentsMolding and Firing. Information relating to the companys operations in March follows: Please help answer I will
Quality Brick Company produces bricks in two processing departmentsMolding and Firing. Information relating to the companys operations in March follows:
Please help answer I will be sure to leave an upvote
Raw materials used in production: Molding Department, $23,000; and Firing Department, $8,000.
Direct labor costs incurred: Molding Department, $12,000; and Firing Department, $7,000.
Manufacturing overhead was applied: Molding Department, $25,000; and Firing Department, $37,000.
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 $57,000.
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 $103,000.
Finished bricks were sold to customers. According to the companys process costing system, the cost of the finished bricks sold was $101,000
1)Record issuance of raw materials for use in production.
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2)Record direct labor costs incurred.
Note: Enter debits before credits
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3) Record entry to apply manufacturing overhead.
Note: Enter debits before credits.
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4) Record transfer of unfired, molded bricks from the Molding Department to the Firing Department.
Note: Enter debits before credits.
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5)Record transfer of finished bricks from the Firing Department to the finished goods warehouse.
Note: Enter debits before credits.
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6)Record cost of goods sold.
Note: Enter debits before credits.
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Please help answer I will be sure to leave an upvote
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