a. EXERCISE 4-1 Process Costing Journal Entries L04-1 Quality Brick Company produces bricks in two processing departments-Molding and Firing. Information relating to the company's operations in March follows: 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, $7,000. 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 Depart- ment. According to the company's process costing system, the cost of the unfired, molded bricks was $57.000. Finished bricks were transferred from the Firing Department is the finished goods warehouse. According to the company's process costing system, the Cost of the finished bricks was $103,000. f. Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was $101.000 Required: Prepare journal entries to record items (a) through (1) above. e. EXERCISE 4-2 Equivalent Units of Production-Weighted-A rage Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion Work in process, October 1 30,000 30% Work in process, October 31 15,000 3094 40% The department started 175,000 units into production during the month and transferred 190,000 completed units to the next department. Required: Compute the equivalent units of production for October