Peoria Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer pref- erence. On June 1, 2002, the general ledger for Peoria Inc. contains the following data.

Raw Materials Inventory \($4,200\) Work in Process Inventory \($5,900\) Manufacturing Overhead Applied \($32,640\) Manufacturing Overhead Incurred \($31,650\) Subsidiary data for Work in Process Inventory on June 1 are as follows.

During June, raw materials purchased on account were \($3,900\), and all wages were paid. Additional overhead costs consisted of depreciation on equipment \($700\) and miscellaneous costs of \($400\) incurred on account. Overhead was charged to jobs at the same rate that was used in May. The patios for customers Rockford, Aurora, and Moline were completed during June and sold for a total of \($18,900\). Each customer paid in full.

Instructions

(a) Journalize the June transactions.

(b) Post the entries to Work in Process Inventory.

(c) Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs.

(d) Prepare a cost of goods manufactured schedule for June.

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Job Cost Sheets Customer Job Cost Element Rockford Aurora Moline Direct materials $ 600 $ 800 $ 900 Direct labor 320 540 580 Manufacturing overhead 480 $1,400 810 870 $2,150 $2,350 A summary of materials requisition slips and time tickets for June shows the following. Materials Requisition Slips Customer Job Time Tickets Rockford $ 800 $ 450 Elgin 2,000 800 Aurora 500 360 Moline 1,300 800 Rockford 300 250 4,900 2,660 General use 1,500 1.200 $6,400 $3,860