Question

Quality Brick Company produces bricks in two processing departments—Molding and Firing. Information relating to the company’s operations in March follows:

1. Raw materials used in production: Molding Department, $29,500; and Firing Department, $4,600.
2. Direct labor costs incurred: Molding Department, $17,900; and Firing Department, $4,000.
3. Manufacturing overhead was applied: Molding Department, $23,600; and Firing Department, $39,700.
4. 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 $67,400.
5. 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 $108,400.
6. Finished bricks were sold to customers. According to the company’s process costing system, the cost of the finished bricks sold was $103,900.

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 1