Question: please help!!! 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






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, $27,100; and Firing Department, $5,900. b. Direct labor costs incurred: Molding Department, $19,100; and Firing Department, $5,800. c. Manufacturing overhead was applied: Molding Department, $24,000; and Firing Department, $39,300. 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 $65,600. 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 $107,200. f. Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was $104,100. 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.) Record issuance of raw materials for use in production. Note: Enter debits before credits. Record direct labor costs incurred. Note: Enter debits before credits. Record entry to apply manufacturing overhead. Note: Enter debits before credits. Record transfer of unfired, molded bricks from the Molding Department to the Firing Department. Note: Enter debits before credits. Record transfer of finished bricks from the Firing Department to the finished goods warehouse. Note: Enter debits before credits. Record cost of goods sold. Note: Enter debits before credits
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