Business, 19.03.2021 18:40 JayKayaim123

Quality Brick Company produces bricks in two processing departmentsâ€”Molding and Firing. Information relating to the companyâ€™s operations in March follows: a. Raw materials used in production: Molding Department, $26,400; and Firing Department, $5,000.
b. Direct labor costs incurred: Molding Department, $17,000; and Firing Department, $4,600.
c. Manufacturing overhead was applied: Molding Department, $24,300; and Firing Department, $36,300.
d. Unfired, molded bricks were transferred from the Molding Department to the Firing Department. According to the companyâ€™s process costing system, the cost of the unfired, molded bricks was $66,500.
e. Finished bricks were transferred from the Firing Department to the finished goods warehouse. According to the companyâ€™s process costing system, the cost of the finished bricks was $107,900.
f. Finished bricks were sold to customers. According to the companyâ€™s process costing system, the cost of the finished bricks sold was $104,600.

Required:
Prepare journal entries to record items (a) through (f) above.

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Quality Brick Company produces bricks in two processing departmentsâ€”Molding and Firing. Informatio...

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