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all i need is the blank boxes in the work in process inventory Carla Vista Inc. is a construction company specializing in custom patios. The
all i need is the blank boxes in the work in process inventory
Carla Vista Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending on customer preference. On June 1, 2022, the general ledger for Carla Vista Inc. contains the following data. Raw Materials Inventory $4,100 Manufacturing Overhead Applied Work in Process Inventory $5,675 Manufacturing Overhead Incurred $ 33,800 $ 28,600 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Rodgers Stevens Linton Cost Element Direct materials $ 600 $ 900 $800 Direct labor 200 600 700 Manufacturing overhead 250 750 875 $ 1.050 $ 2.250 $ 2,375 During June, raw materials purchased on account were $ 4,700, and $ 5,100 of factory wages were paid. Additional overhead costs consisted of depreciation on equipment $800 and miscellaneous costs of $ 300 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 $ 900 $ 800 Koss 1,800 800 Stevens 400 400 Linton 1,300 1,300 Rodgers 300 400 4.700 3.700 General use 1,400 1.400 $ 6,100 $ 5,100 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 $ 20,000. Each customer paid in full at the time of Sale lo. Account Titles and Explanation Debit Credit (1) Raw Materials Inventory 4700 Accounts Payable 4700 (To record purchase of raw materials) Factory Labor 5100 Cash 5100 (To record factory labor costs paid) Manufacturing Overhead 1100 Accounts Payable 300 Accumulated Depreciation Equipment 800 (To record manufacturing overhead costs incurred) (2) Work in Process Inventory 4700 Manufacturing Overhead 1400 Raw Materials Inventory 6100 (To record assignment of direct materials) Work in Process Inventory 3700 Manufacturing Overhead 00 Factory Labor 5100 (To record assignment of factory labor) Work in Process Inventory 4625 Manufacturing Overhead 4625 (To record assignment of manufacturing overhead) (3) Finished Goods Inventory 15100 Work in Process Inventory 15100 (To record completion of jobs) Cash 20000 Sales Revenue 20000 (To record sale of goods) Cost of Goods Sold 15100 Finished Goods Inventory 15100 (To record the cost of goods sold) Work in Process Inventory 6/1 Balance 5675 June Direct Materials 4700 Direct Labor 3700 Overhead Applied 4625 6/30 3600 Step by Step Solution
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