Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. quality brick company produces bricks in two proce

Quality Brick Company produces bricks in two processing departmentsMolding and Firing. Information relating to the...

90.2K

Verified Solution

Question

Accounting

Quality Brick Company produces bricks in two processing departmentsMolding and Firing. Information relating to the companys operations in March follows:

a.

Raw materials were issued for use in production: Molding Department, $29,400; and Firing Department, $4,500.
b.

Direct labor costs were incurred: Molding Department, $18,900; and Firing Department, $5,100.
c.

Manufacturing overhead was applied: Molding Department, $22,200; and Firing Department, $36,800.
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 $66,900.
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 $109,400.
f.

Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was $104,600.

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.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Consider the titration of 70 ml of 0.25 M hydrazine, N2H4 titrated with 0.35 M HBr....

Chemistry
Q

Effect of Surfactant 5. What is the role of surfactant in respiration? Describe the anatomy involved. Often...

Medical Sciences
Q

Question 3 (a) Interpret the balance of payments in aggregate components of the current and capital/financial account...

Economics
Q

Jennifer is looking for a new car. She sees an ad about the vehicle she wants...

Psychology
Q

Rewrite sin tan IW 4 0 W sin tan 4 as an algebraic expression in...

Basic Math
Q

Martha is comparing the following two functions f x log x g x log z...

Algebra
Q

Perform the indicated operation Express the answer as a polynomial in standard form Square 6p...

Algebra
Q

Dry Cleaners has determined the following about its costs: Total variable expenses are $37,500, total...

Accounting
Q

Miller Toy Company manufactures a plastic swimming pool at its Westwood Plant. The plant has...

Accounting
Q

The West Shore Furniture Company uses normal job order costing in its only production department....

Accounting
Q

Problem 1-2 (IAA) Easy Company provided the following information o December 31, 2019: Notes payable:...

Accounting
Q

The multiple approach to calculating the needs of dependants regarding life insurance: The multiple approach...

Finance