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54.200 $32540 531.1.50 e. Prepare an income statement through gross pronto P2.3 (LO 1, 2, 3, 4, 5), AP Case Inc. is a construction company

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54.200 $32540 531.1.50 e. Prepare an income statement through gross pronto P2.3 (LO 1, 2, 3, 4, 5), AP Case Inc. is a construction company specializing in custom patios. The pas are constructed of concrete, brick, fiberglass, and lumber, depending on customer preference. On June 2022, the general ledger for Case Inc. contains the following data. Excel Raw Materials Inventory Manufacturing Overhead Applied Work in Process Inventory $5.540 Manufacturing Overhead Incurred Subsidiary data for Work in Process Inventory on June 1 are as follows Job Cost Sheets Customer Job Rodgers Cost Element Stevens Linton $ 600 $ 800 $ 900 Direct materials 320 540 580 Direct labor 400 675 725 Manufacturing overhead $1,320 $2,015 $2,205 During June, raw materials purchased on account were 84,900, and $4,800 of factory wages were paid. Additional overhead costs consisted of depreciation on equipment $900 and miscellaneous costs of S400 incurred on account. A summary of materials requisition slips and time tickets for June shows the following. Customer Job Materials Requisition Slips Time Tickets Rodgers S 800 S 850 2,000 800 Stevens 500 360 Linton 1,300 1.200 Rodgers 300 390 4,900 3,600 General use 1,500 1,200 S6,400 $4.800 Overhead was assigned to jobs at the same rate of $1.25 per dollar of direct labor cost throughout the year. The patios for customers Rodgers, Stevens, and Linton were completed during June and sold for a total of $18,900. Each customer paid in full at the time of sale. Koss Instructions a. Journalize the June transactions: (1) purchase of raw materials, factory labor costs incurred, and manufacturing overhead costs incurred; (2) assignment of direct materials, labor, and overhead to production; and (3) completion of jobs and sale of goods. 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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