subject
Business, 25.06.2019 10:30 hhh976

Exercise 4-1 process costing journal entries [lo 4-1] quality brick company produces bricks in two processing departments—molding and firing. information relating to the company’s operations in march follows: raw materials used in production: molding department, $28,400; and firing department, $4,300. direct labor costs incurred: molding department, $19,700; and firing department, $4,500. manufacturing overhead was applied: molding department, $22,100; and firing department, $36,900. 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 $69,800. 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 $109,300. finished bricks were sold to customers. according to the company’s process costing system, the cost of the finished bricks sold was $104,100. required: prepare journal entries to record items (a) through (f) above. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 00:00
Which part/word/phrase in the passage refers to a business’s financing activity seen in a cash flow statement? nathan works as an accountant in a footwear manufacturing company. he is currently preparing the cash flow statement for his employer. during the given accounting period, the company purchased raw materials worth $25,000. it also bought new equipment worth $75,000 to increase its production output. further, it borrowed a long-term bank loan of $100,000 to facilitate further expansion. finally, the company spent $50,000 on advertising its latest brand of footwear in the market. {lol i guessed its "it borrowed a long-term bank loan of $100,000 to facilitate further expansion" and thats correct}
Answers: 1
question
Business, 22.06.2019 02:30
Required information [the following information applies to the questions displayed below.] the following data is provided for garcon company and pepper company. garcon company pepper company beginning finished goods inventory $ 13,800 $ 18,850 beginning work in process inventory 16,700 20,700 beginning raw materials inventory 8,800 13,500 rental cost on factory equipment 28,250 26,650 direct labor 22,400 37,400 ending finished goods inventory 17,300 14,300 ending work in process inventory 23,200 19,400 ending raw materials inventory 5,900 9,600 factory utilities 11,250 15,000 factory supplies used 10,900 5,700 general and administrative expenses 32,500 44,500 indirect labor 2,500 9,880 repairs—factory equipment 4,820 2,150 raw materials purchases 41,500 63,000 selling expenses 54,800 49,000 sales 238,530 317,510 cash 33,000 23,700 factory equipment, net 222,500 124,825 accounts receivable, net 13,400 23,950 required: 1. complete the table to find the cost of goods manufactured for both garcon company and pepper company for the year ended december 31, 2017. 2. complete the table to calculate the cost of goods sold for both garcon company and pepper company for the year ended december 31, 2017.
Answers: 2
question
Business, 22.06.2019 17:30
Fabian got into an accident on his way to work. he had multiple fractures in his leg. his doctor advised strict bed rest for at least three months.fabian is a freelance wildlife photographer who usually works on a contract basis, and this is his primary source of income. before the accident, fabian was planning his finances. which goal of his financial plan would fabian in getting through without pay for the next three months? the goal that requires the creation of a/an would fabian get through the next three months without pay.
Answers: 1
question
Business, 22.06.2019 19:30
Adisadvantage of corporations is that shareholders have to pay on profits.
Answers: 1
You know the right answer?
Exercise 4-1 process costing journal entries [lo 4-1] quality brick company produces bricks in two p...
Questions
question
Mathematics, 22.10.2019 23:20
question
Mathematics, 22.10.2019 23:20