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 were issued for use in production: Molding Department, $29,000; and Firing Department, $4,200 b. Direct labor costs were incurred: Molding Department, $17,200; and Firing Department, $4,900 c. Manufacturing overhead was applied: Molding Department, $22,200; and Firing Department, $35,900 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 $67,300 to the company's process costing system, the cost of the finished bricks was $108,700 the finished bricks sold was $104,300 e. Finished bricks were transferred from the Firing Department to the finished goods warehouse. According f. Finished bricks were sold to customers. According to the company's process costing system, the cost of 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.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit Work in process-Firing Department Work in process-Firing Department Raw materials a. b.Work in process-Molding Department Work in process-Firing Department

Answer 1

a)	Work in progress -molding department	29000
	Work in progress -firing department	4200
	Raw material inventory		33200
b)	Work in progress -molding department	17200
	Work in progress -firing department	4900
	Wages payable		22100
c)	Work in progress -molding department	22200
	Work in progress -firing department	35900
	Manufacturing overheads		58100
d)	Work in progress -firing department	67300
	Work in progress -molding department		67300
e)	Finished goods inventory	108700
	Work in progress -firing department		108700
f)	Cost of goods sold	104300
	Finished goods inventory		104300