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Accounting, Je Helo I System Announcements Problem 15-03 Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete,
Accounting, Je Helo I System Announcements Problem 15-03 Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2020, the Raw Materials Inventory Work in Process Inventory $4,300 Manufacturing Overhead Applied $30,800 $5,450 Manufacturing Overhead Incurred $32,800 Subsidiary data for Work in Process Inventory on June 1 are as follows. Cost Element Direct materials Direct labor Manufacturing overhead Job Cost Sheets Customer Job Rodgers Stevens Linton $500 $900 $900 300 500 600 375 $1,175 625 $2,025 750 $2.250 During June, raw materials purchased on account were $5,400, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $1,000 and miscellaneous costs of $500 incura A summary of materials requisition slips and time tickets for June shows the following. Customer Job Rodgers Koss Stevens Linton Materials Requisition Slips Time Tickets $700 $900 2,200 700 600 400 1,500 1,200 Rodgers General use 400 400 5,400 1,400 $6,800 3,500 1,000 $4,600 Overhead was charged to jobs at the same rate of $1.25 per dollar of direct labor cost. The patios for customers Rodgers, Stevens, and Linton were completed during June and sold for a total of $17,400. Eac Journalize the June transactions: (1) for purchase of raw materials, factory labor costs incurred, and manufacturing overhead costs incurred; (2) assignment of direct materials, labor, and overhead to products titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation (To record purchase of raw materials) Debit Credit
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