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, $26,200; and Firing Department, $5,400. b. Direct labor costs incurred: Molding Department, $19,600; and Firing Department, $5,100. c. Manufacturing overhead was applied: Molding Department, $22,500; and Firing Department, $38,800. 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 $69,000. 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 $109,400. f. Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was $105,000. 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.)

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, $26,200; and Firing Department, $5,400. b. Direct labor costs incurred: Molding Department, $19,600; and Firing Department, $5,100. c. Manufacturing overhead was applied: Molding Department, $22,500; and Firing Department, $38,800. 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 $69,000. 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 $109,400. f. Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was $105,000. 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.)

Name: Munabhai Quality Brick Company produces bricks in two processing depar
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Description: Munabhai Quality Brick Company produces bricks in two processing departments-Molding and Firing. Information relating to the company'soperations in March follows:a. Raw materials used in production: Molding Department, $26,200; and Firing Department,

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter5: Process Cost Accounting—general Procedures

Section: Chapter Questions

Problem 12P: Petrini Products Co. has two departments: Mixing and Cooking. At the beginning of the month, Cooking...

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