Quality Brick Company Produces Bricks
Quality Brick Company produces bricks in ii processing departmentsâ€"Molding and Firing. Information relating to the company’southward operations in March follows:
a. Raw materials were issued for employ in production: Molding Section, $23,000; and Firing Section, $viii,000.
b. Directly labor costs were incurred: Molding Department, $12,000; and Firing Department, $seven,000.
c. Manufacturing overhead was applied: Molding Department, $25,000; and Firing Section, $37,000.
d. Unfired, molded bricks were transferred from the Molding Department to the Firing Section. Co-ordinate to the company's procedure costing system, the cost of the unfired, molded bricks was $57,000.
e. Finished bricks were transferred from the Firing Department to the finished appurtenances warehouse. Co-ordinate to the company's process costing organization, the cost of the finished bricks was $103,000.
f. Finished bricks were sold to customers. According to the company'due south process costing system, the price of the finished bricks sold was $101,000.
Prepare journal entries to record items (a)-(f) higher up. (if no entry is required for a transaction/event. select "no journal entry required)
-record issuance of raw materials for employ in product
-record direct labor costs incurred
-record entry to apply manufacturing overhead
-record transfer of unfired, molded bricks from the molding section to the firing deparment
-record transfer of finished bricks from the fifing department to the finished brick warehouse
-record COGS
Quality Brick Company produces bricks in ii processing departmentsâ€"Molding and Firing. Information relating to the company’southward operations in March follows:
| a. | Raw materials were issued for employ in production: Molding Section, $23,000; and Firing Section, $viii,000. |
| b. | Directly labor costs were incurred: Molding Department, $12,000; and Firing Department, $seven,000. |
| c. | Manufacturing overhead was applied: Molding Department, $25,000; and Firing Section, $37,000. |
| d. | Unfired, molded bricks were transferred from the Molding Department to the Firing Section. Co-ordinate to the company's procedure costing system, the cost of the unfired, molded bricks was $57,000. |
| e. | Finished bricks were transferred from the Firing Department to the finished appurtenances warehouse. Co-ordinate to the company's process costing organization, the cost of the finished bricks was $103,000. |
| f. | Finished bricks were sold to customers. According to the company'due south process costing system, the price of the finished bricks sold was $101,000. Prepare journal entries to record items (a)-(f) higher up. (if no entry is required for a transaction/event. select "no journal entry required) -record issuance of raw materials for employ in product -record direct labor costs incurred -record entry to apply manufacturing overhead -record transfer of unfired, molded bricks from the molding section to the firing deparment -record transfer of finished bricks from the fifing department to the finished brick warehouse -record COGS |
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Quality Brick Company Produces Bricks,
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