Exercise $5-1($Algo$)$ Process Costing Journal Entries $[$LO $5-1]$

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, $$29,200$; and Firing Department, $$5,200.$

b$.$ Direct labor costs incurred: Molding Department, $$18,400$; and Firing Department, $$4,900.$

c$.$ Manufacturing overhead was applied: Molding Department, $$22,200$; and Firing Department, $$37,100.$

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 $$66,500.$

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 $$107,600.$

f$.$ Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold

was $$105,000.$

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.$)$

$4$ Record transfer of unfired, molded bricks from the

Molding Department to the Firing Department.

$5$ Record transfer of finished bricks from the Firing

Department to the finished goods warehouse.