Answer:
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)
