Question

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, $27,300; and Firing Department. $4,100. b. Direct labor costs incurred: Molding Department. $18,600; and Firing Department, $4,300. c. Manufacturing overhead was applied: Molding Department, $25.900; and Firing Department. $38.400. 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 $68.300. 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 $108.200. t. Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was $105,100 Required: Prepare journal entries to record items (a) through (1) above. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 Record Issuance of raw materials for use in production 1 of 2 Next arch O G B

Answer 1

journal enteries

no.	account	debit	credit	explanation
a	work in process-molding department	27300		raw material transferred to department
	work in process-firing department	4100
	Raw materials		31400	raw material will reduce
b	work in process molding department	18600		wages expense incurred
	work in process firing department	4300		but not paid
	wages payable		22900
c	work in process molding department	25900		manufacturing overhead applied is transferred to work in process cost
	work in process firing department	38400
	manufacturing overhead		64300
d	work in process firing department	68300
	work in process molding department		68300	molding department cost transferred to firing department
e	finished goods inventory	108200		finished goods inventory increased as units transferred to finished department
	work in process-firing department		108200
f	cost of goods sold	105100		cost of goods sold debited to book expense
	finished goods inventory		105100	finished goods reduced as sold.so credited.