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, $26,300; and Firing Department, $5,200. b. Direct labor costs incurred: Molding Department, $18,900; and Firing Department, $5,600. c. Manufacturing overhead was applied: Molding Department, $22,800; and Firing Department, $35,80O. 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 $67,400. 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 $107,700. f. Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was $104,80O. 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 Journal entry worksheet 1 2 4 5 6

Answer 1

		Debit	Credit
a	Work in process-Molding Department	26300
	Work in process-Firing Department	5200
	Raw materials		31500
b	Work in process-Molding Department	18900
	Work in process-Firing Department	5600
	Wages payable		24500
c	Work in process-Molding Department	22800
	Work in process-Firing Department	35800
	Manufacturing overhead		58600
d	Work in process-Firing Department	67400
	Work in process-Molding Department		67400
e	Finished goods	107700
	Work in process-Firing Department		107700
f	Cost of goods sold	104800
	Finished goods		104800