Reference no: EM133004447
Problem - 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, $27,900; and Firing Department, $4,400.
b. Direct labor costs incurred: Molding Department, $19,000; and Firing Department, $4,100.
c. Manufacturing overhead was applied: Molding Department, $25,200; and Firing Department, $38,900.
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 $65,400.
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 $109,300.
f. Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was $106,100.
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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