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, $29,700; and Firing Department, $5,100. Direct labor costs incurred: Molding Department, $19,000; and Firing Department, $4,200. b. Manufacturing overhead was applied: Molding Department, $24,100; and Firing Department, $39,200. c. Unfired, molded bricks were transferred from the Molding Department to the Firing Department. d. According to the company’s process costing system, the cost of the unfired, molded bricks was $66,200. e. Finished bricks were transferred from the Firing Department to the finished goods warehouse. f. According to the company’s process costing system, the cost of the finished bricks was $107,600. g. Finished bricks were sold to customers. According to the company’s process costing system, the cost of the finished bricks sold was $103,600.

a. Raw materials used in production: Molding Department, $29,700; and Firing Department, $5,100.

General Journal Debit (Db) Credit (Cr)

Molding Department (Work in Process) _ $29,700

Firing Department (Work in Process) ___ $5,100

Raw Materials $34,800 (Cr)

b. Direct labor costs incurred: Molding Department, $19,000; and Firing Department, $4,200.

General Journal Debit (Db) Credit (Cr)

Molding Department (Work in Process) $19,000

Firing Department (Work in Process) $4,200

Wages Payable $23,200 (Cr)

c. Manufacturing overhead was applied: Molding Department, $24,100; and Firing Department, $39,200.

General Journal Debit (Db) Credit (Cr)

Molding Department (Work in Process) $24,100

Firing Department (Work in Process) $39,200

Manufacturing Overhead $63,300 (Cr)

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 $66,200.

General Journal Debit (Db) Credit (Cr)

Molding Department (Work in Process) $66,200 (Db)

Firing Department (Work in Process) $66,200 (Cr)

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 $107,600.

General Journal Debit (Db) Credit (Cr)

Finished Goods (Work in Process) $107,600 (Db)

Firing Department (Work in Process) $107,600 (Cr)

f. Finished bricks were sold to customers. According to the company’s process costing system, the cost of the finished bricks sold was $103,600.

General Journal Debit (Db) Credit (Cr)

Cost of Units Sold $103,600 (Db)

Finished Goods $103,600 (Cr)

answerdemographic;