Business, 29.02.2020 05:24 Isrene

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.

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Brick Company produces bricks in two processing departments—Molding and Firing. Information relating...