+ Quality Brick Company produces bricks in two processing departments-Molding and Firing. Information relating to the...
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+ 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, $28,600; and Firing Department, $5,200. b. Direct labor costs: Molding Department, $18,500; and Firing Department, $5,400. c. Manufacturing overhead was applied: Molding Department, $25,200; and Firing Department, $35,700. d. Unfired, molded bricks were transferred from the Molding Department to the Firing Department. The cost of the unfired, molded bricks was $65,900. e. Finished bricks were transferred from the Firing Department to the finished goods warehouse. The cost of the finished bricks was $108,300. f. Finished bricks were sold to customers. The cost of the finished bricks sold was $103,700. Required: Prepare journal entries to record items (a) through (f) above. Note: 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. View transaction list View journal entry worksheet No Transaction 1 a. General Journal Work in process-Molding Department Debit Credit + 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, $28,600; and Firing Department, $5,200. b. Direct labor costs: Molding Department, $18,500; and Firing Department, $5,400. c. Manufacturing overhead was applied: Molding Department, $25,200; and Firing Department, $35,700. d. Unfired, molded bricks were transferred from the Molding Department to the Firing Department. The cost of the unfired, molded bricks was $65,900. e. Finished bricks were transferred from the Firing Department to the finished goods warehouse. The cost of the finished bricks was $108,300. f. Finished bricks were sold to customers. The cost of the finished bricks sold was $103,700. Required: Prepare journal entries to record items (a) through (f) above. Note: 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. View transaction list View journal entry worksheet No Transaction 1 a. General Journal Work in process-Molding Department Debit Credit
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