Quality Brick Company produces bricks in two processing departmentsMolding and Firing. Information relating to the...
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Quality Brick Company produces bricks in two processing departmentsMolding and Firing. Information relating to the companys operations in March follows: Raw materials used in production: Molding Department, $27,600; and Firing Department, $4,100. Direct labor costs incurred: Molding Department, $18,100; and Firing Department, $4,100. Manufacturing overhead was applied: Molding Department, $25,000; and Firing Department, $38,900. Unfired, molded bricks were transferred from the Molding Department to the Firing Department. According to the companys process costing system, the cost of the unfired, molded bricks was $68,500. Finished bricks were transferred from the Firing Department to the finished goods warehouse. According to the companys process costing system, the cost of the finished bricks was $109,300. Finished bricks were sold to customers. According to the companys process costing system, the cost of the finished bricks sold was $103,100. 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.)
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