Question

Quality Brick Company produces bricks in two processing departments-molding and firing. Information relating to the company’s operations in March follows:

Exercise 4-1 Process Costing Journal Entries [LO 4-1] 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, $28,100; and Firing Department, $5,700. b. Direct labor costs were incurred: Molding Department, $16,900; and Firing Department, $5,200 c. Manufacturing overhead was applied: Molding Department, $23,600; and Firing Department, $36,500. 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 $65,300. to the company's process costing system, the cost of the finished bricks was $107,600. the finished bricks sold was $106,100 e. Finished bricks were transferred from the Firing Department to the finished goods warehouse. According t. 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. (lf no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list ournal entry worksheet Record issuance of raw materials for use in productiorn Note: Enter debits before credits Debit Credlin in process

Answer 1

	General Journal	Debit	Credit
a	Work in process-Molding Department	28100
	Work in process-Firing Department	5700
	Raw materials		33800
b	Work in process-Molding Department	16900
	Work in process-Firing Department	5200
	Wages payable		22100
c	Work in process-Molding Department	23600
	Work in process-Firing Department	36500
	Manufacturing overhead		60100
d	Work in process-Firing Department	65300
	Work in process-Molding Department		65300
e	Finished goods	107600
	Work in process-Firing Department		107600
f	Cost of goods sold	106100
	Finished goods		106100