- Quality Brick Company Produces Bricks In Two Processing Departments Molding And Firing Information Relating To The Comp 1 (30.61 KiB) Viewed 4 times
- Quality Brick Company Produces Bricks In Two Processing Departments Molding And Firing Information Relating To The Comp 2 (60.43 KiB) Viewed 4 times
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, $29,100; and Firing Department, $5,300. b. Direct labor costs incurred: Molding Department, $16,100; and Firing Department, $4,700. c. Manufacturing overhead was applied: Molding Department, $25,300; and Firing Department, $38,300. 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 $66,900. 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 $108,500. f. Finished bricks were sold to customers. According to the
company's process costing system, the cost of the finished bricks sold was $103,800.
1 Record issuance of raw materials for use in production. 2 Record direct labor costs incurred. 3 Record entry to apply manufacturing overhead. 4 5 6 Record transfer of unfired, molded bricks from the Molding Department to the Firing Department. Record transfer of finished bricks from the Firing Department to the finished goods warehouse. Record cost of goods sold.