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

Question

67 users unlocked this solution today!

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, $28,000; and Firing Department, $4,800. b. Direct labor costs incurred: Molding Department, $17,600; and Firing Department, $4,300. c. Manufacturing overhead was applied: Molding Department, $24,900; and Firing Department, $39,500. 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 $67,300. 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 $109,500. f. Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was $106,300. 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 23 456 Record issuance of raw materials for use in production. Note: Enter debits before credits. Transaction General Journal Debit Credit < Prev 1 of 5 Next >