Explanation:
The journal entries are shown below:
a. Work-in-Process - Molding Department $23,000
Work-in-Process - Firing Department $8,000
To Direct Materials $31,000
(Being the direct materials is recorded)
b. Work-in-Process - Molding Department $12,000
Work-in-Process - Firing Department $7,000
To Direct Labor $19,000
(Being the direct labor used is recorded)
c. Work-in-Process - Molding Department $25,000
Work-in-Process - Firing Department $37,000
To Manufacturing Overhead $62,000
(Being the manufacturing overhead recorded)
d. Work-in-Process - Firing Department $57,000
To Work-in-Process - Molding Department $57,000
(Being the transfer of product is recorded)
e.Finished Goods $103,000
To Work-in-Process - Firing Department $103,000
(Being the transfer of product is recorded)
f. Cost of goods sold $101,000
To Finished Goods $101,000
(Being the cost of goods of sold is recorded)
