Check my work 15 2 points eBook Hint Print References 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, $26,800; and Firing Department, $5,100. b. Direct labor costs: Molding Department, $18,300; and Firing Department, $5,700. c. Manufacturing overhead was applied: Molding Department, $25,300; and Firing Department, $35,700. d. Unfired, molded bricks were transferred from the Molding Department to the Firing Department. The cost of the unfired, molded bricks was $65,400. e. Finished bricks were transferred from the Firing Department to the finished goods warehouse. The cost of the finished bricks was $108,600. f. Finished bricks were sold to customers. The cost of the finished bricks sold was $106,200. Required: Prepare journal entries to record items (a) through (f) above. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Use a compound journal entry as needed for each transaction. View transaction list Journal entry worksheet 1 2 3 4 5 6 Record cost of goods sold. Note: Enter debits before credits. Transaction General Journal Debit Credit f. Cost of goods sold 106,200
Check my work 15 2 points eBook Hint Print References 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, $26,800; and Firing Department, $5,100. b. Direct labor costs: Molding Department, $18,300; and Firing Department, $5,700. c. Manufacturing overhead was applied: Molding Department, $25,300; and Firing Department, $35,700. d. Unfired, molded bricks were transferred from the Molding Department to the Firing Department. The cost of the unfired, molded bricks was $65,400. e. Finished bricks were transferred from the Firing Department to the finished goods warehouse. The cost of the finished bricks was $108,600. f. Finished bricks were sold to customers. The cost of the finished bricks sold was $106,200. Required: Prepare journal entries to record items (a) through (f) above. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Use a compound journal entry as needed for each transaction. View transaction list Journal entry worksheet 1 2 3 4 5 6 Record cost of goods sold. Note: Enter debits before credits. Transaction General Journal Debit Credit f. Cost of goods sold 106,200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
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Transcribed Image Text:Check my work
15
2
points
eBook
Hint
Print
References
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, $26,800; and Firing
Department, $5,100.
b. Direct labor costs: Molding Department, $18,300; and Firing Department, $5,700.
c. Manufacturing overhead was applied: Molding Department, $25,300; and Firing
Department, $35,700.
d. Unfired, molded bricks were transferred from the Molding Department to the Firing
Department. The cost of the unfired, molded bricks was $65,400.
e. Finished bricks were transferred from the Firing Department to the finished goods
warehouse. The cost of the finished bricks was $108,600.
f. Finished bricks were sold to customers. The cost of the finished bricks sold was
$106,200.
Required:
Prepare journal entries to record items (a) through (f) above.
Note: If no entry is required for a transaction/event, select "No journal entry
required" in the first account field. Use a compound journal entry as needed for
each transaction.
View transaction list
Journal entry worksheet
1
2
3
4
5
6
Record cost of goods sold.
Note: Enter debits before credits.
Transaction
General Journal
Debit
Credit
f.
Cost of goods sold
106,200
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