Exercise 4-1 (Algo) Process Costing Journal Entries [LO 4-1] 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, $27,000; and Firing Department, $5,900. b. Direct labor costs incurred: Molding Department, $19,800; and Firing Department, $4,600. c. Manufacturing overhead was applied: Molding Department, $23,400; and Firing Department, $36,900. 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 $68,200. 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 $107,000. f. Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was $105,900. 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. Use a compound journal entry as needed for each transaction.)