BRIEF EXERCISE 4-1 Preparing Process Costing Journal Entries [LO2-CC8] Quality Brick Company produces bricks in two processing departments-Moulding and Firing. Information relating to the company's operations in March follows: a. Raw materials were issued for use in production: Moulding Department, $25,000; Firing Department, $10,000. b. Direct labour costs were incurred: Moulding Department, $15,000; Firing Department, $10,000. c. Manufacturing overhead was applied: Moulding Department, $29,000; Firing Department, $40,000. d. Unfired, moulded bricks were transferred from the Moulding Department to the Firing Department. According to the company's process costing system, the cost of the unfired moulded bricks was $61,000. 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 $110,000. f. Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was $107,000. Required: Prepare journal entries to record items (a) through (f).