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Exercise 4-1 Process Costing Journal Entries (LO 4.1) Quality Brick Company produces bricks in two processing...

Question:

Exercise 4-1 Process Costing Journal Entries (LO 4.1) Quality Brick Company produces bricks in two processing departments---M
1 2 3 4 5 6 Record issuance of raw materials for use in production. Note: Enter debits before credits. Transaction General Jo
< 1 2 3 4 5 6 Record direct labor costs incurred. Note: Enter debits before credits. Transaction General Journal Debit Credit
-Goue W Record entry to apply manufacturing overhead. Note: Enter debits before credits. Transaction General Journal Debit Cr
< 2 3 4 5 6 Record transfer of unfired, molded bricks from the Molding Department to the Firing Department. Note: Enter debit
Record transfer of finished bricks from the Firing Department to the finished goods warehouse Note: Enter debits before credi
< 1 2 3 4 5 Record cost of goods sold. Note: Enter debits before credits Transaction General Journal Debit Credit Record entr
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: points a. Raw materials used in production: Molding Department. $27,300, and Firing Department. $5.200. b. Direct labor costs incurred: Molding Department, S16,600, and Firing Department. $4700. c. Manufacturing overhead was applied: Molding Department, $23,200, and Firing Department, $38,600 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. 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 $109,300 1 Finished bricks were sold to customers. According to the company's process costing system, the cost of the finished bricks sold was $104,000 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.) < Prey 2 of 2 Next >
1 2 3 4 5 6 Record issuance of raw materials for use in production. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal < Prev 2 of 2 Next >
< 1 2 3 4 5 6 Record direct labor costs incurred. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal < Prey 2 of 2 !! Next
-Goue W Record entry to apply manufacturing overhead. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal
< 2 3 4 5 6 Record transfer of unfired, molded bricks from the Molding Department to the Firing Department. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal
Record transfer of finished bricks from the Firing Department to the finished goods warehouse Note: Enter debits before credits. book Transaction General Journal Debit Credit rences Record entry Clear entry View general Journal
< 1 2 3 4 5 Record cost of goods sold. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal

Answers

General Journal Debit Credit
a Work in process-Molding Department 27300
Work in process-Firing Department 5200
     Raw materials 32500
b Work in process-Molding Department 16600
Work in process-Firing Department 4700
       Wages payable 21300
c Work in process-Molding Department 23200
Work in process-Firing Department 38600
        Manufacturing overhead 61800
d Work in process-Firing Department 65300
      Work in process-Molding Department 65300
e Finished goods 109300
      Work in process-Firing Department 109300
f Cost of goods sold 104000
       Finished goods 104000
.

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