Quality Brick Company produces bricks in two processing departments-Molding and Firing. Information relating to the company's...
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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 production: Molding Department, $28,900; and Firing Department, $4,300. b. Direct labor costs: Molding Department, $19,800; and Firing Department, $5,900. c. Manufacturing overhead was applied: Molding Department, $25,100; and Firing Department, $38,100. d. Unfired, molded bricks were transferred from the Molding Department to the Firing Department. The cost of the unfired, molded bricks was $66,100. e. Finished bricks were transferred from the Firing Department to the finished goods warehouse. The cost of the finished bricks was $109,300. f. Finished bricks were sold to customers. The cost of the finished bricks sold was $105,100. Required: Prepare journal entries to record items (a) through (f) above. Note: 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. Journal entry worksheet 1 2 3 4 5 6 > Record entry to apply manufacturing overhead. < Prev 1 of 7 Next > Journal entry worksheet < 1 2 3 4 5 6 Record transfer of unfired, molded bricks from the Molding Department to the Firing Department. 1 2 3 4 LO 5 6 00 Record transfer of finished bricks from the Firing Department to the finished goods warehouse. Note: Enter debits before credits. Record cost of goods sold. 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, $28,900; and Firing Department, $4,300. b. Direct labor costs: Molding Department, $19,800; and Firing Department, $5,900. c. Manufacturing overhead was applied: Molding Department, $25,100; and Firing Department, $38,100. d. Unfired, molded bricks were transferred from the Molding Department to the Firing Department. The cost of the unfired, molded bricks was $66,100. e. Finished bricks were transferred from the Firing Department to the finished goods warehouse. The cost of the finished bricks was $109,300. f. Finished bricks were sold to customers. The cost of the finished bricks sold was $105,100. Required: Prepare journal entries to record items (a) through (f) above. Note: 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. Journal entry worksheet 1 2 3 4 5 6 > Record entry to apply manufacturing overhead. < Prev 1 of 7 Next > Journal entry worksheet < 1 2 3 4 5 6 Record transfer of unfired, molded bricks from the Molding Department to the Firing Department. 1 2 3 4 LO 5 6 00 Record transfer of finished bricks from the Firing Department to the finished goods warehouse. Note: Enter debits before credits. Record cost of goods sold.
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