Question: Exercise 5 - 1 ( Algo ) Process Costing Journal Entries [ LO 5 - 1 ] Quality Brick Company produces bricks in two processing
Exercise Algo Process Costing Journal Entries LO
Quality Brick Company produces bricks in two processing departmentsMolding and Firing. Information relating to the company's
operations in March follows:
a Raw materials used in production: Molding Department, $; and Firing Department, $
b Direct labor costs incurred: Molding Department, $; and Firing Department, $
c Manufacturing overhead was applied: Molding Department, $; and Firing Department, $
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 $
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 $
f Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold
was $
Required:
Prepare journal entries to record items a through f above. If no entry is required for a transactionevent select No journal entry
required" in the first account field.
one of the problems on chegg has the first half wrong while the second half is right. please do a b and c
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