70.2K

Verified Solution

Link Copied!

Saved Help Save & Exit Su hpt 5 Check my w 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, $29,600; and Firing Department, $4,40o. b. Direct labor costs incurred: Molding Department, $16,700; and Firing Department $5,000. c. Manufacturing overhead was applied: Molding Department, $22,500; and Firing Department, $35,000. d. Unfired, molded bricks were transferred from the Molding Department to the Firing Department. According to eBook Print ferences process costing system, the cost of the unfired, molded bricks was $67,300. e. Finished bricks were transferred from the Firing Department to the finished goods warehouse. According to the company's proces costing system, the cost of the finished bricks was $108,300 f. Finished bric ks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was $1050 Required: lect "No journal entry Prepare journal entries to record items (e) through () above. (if no entry is required for a transaction/event, se required" in the first account field.) View transaction list Journal entry worksheet Prev f 2 Next AP 6

Answer & Explanation Solved by verified expert

See Answer