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, $23,000; and Firing Department, $8,000. b. Direct labor costs incurred: Molding Department, $12,000; and Firing Department, $7,000. c. Manufacturing overhead was applied: Malding Department, $25,000; and Firing Department, $37,000. 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 $57,000, 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 $103,000. f. Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was $101,000. 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.) Required: Prepare journat 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.) Journal entry worksheet Record issuance of raw materials for use in production. Note: Enter debits before credits 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.) Required: Prepare journal entries to record items (a) through if) above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet 56 Record entry to apply manufacturing overhead. Notet Enter debits beffere credits. required: repare journal entries to record items (a) through (f) above. (If no entry is required for a transaction/event, select "No journal entry equired" in the first account field.) Journal entry worksheet 6 Record transter of unfired, molded bricks from the Molding Department to the Firing Department. Noter Enter debits before credits. lequired: repare journal entries to record items (a) through (f) above. (If no entry is required for a transaction/event, select "No journal entry equired" in the first account field.) Journal entry worksheet Record transfer of finished bricks from the Firing Department to the finished goods warehouse. Note: Enter debits before credits. equired: repare journal entries to record items (a) through if) above. (If no entry is required for a transaction/event, select "No journal entry equired" in the first account field.) Journal entry worksheet
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