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Business, 10.12.2019 06:31 haileysolis5

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, $23,000; and firing department, $8,000. b. direct labor costs incurred: molding department, $12,000; and firing department, $7,000. c. manufacturing overhead was applied: molding department, $25,000; and firing department, $37,000. 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 $57,000. 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 $103,000. f. finished bricks were sold to customers. according to the company’s process costing system, the cost of the finished bricks sold was $101,000.

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