Quality Brick Company produces bricks in two processing
departments—Molding and Firing. Information relating to the
company’s operations in March follows:
- Raw materials used in production: Molding Department, $26,400;
and Firing Department, $5,600.
- Direct labor costs incurred: Molding Department, $20,000; and
Firing Department, $4,800.
- Manufacturing overhead was applied: Molding Department,
$24,200; and Firing Department, $36,200.
- 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
$69,400.
- 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 $109,900.
- Finished bricks were sold to customers. According to the
company’s process costing system, the cost of the finished bricks
sold was $106,000.
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.)