(b) Post the entries to Work in Process Inventory. (Post the entries to Work in Process Inventory in the order presented in the problem.)
Carla Vista 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 general ledger for Carla Vista Inc. contains the following data. $4.200 $30,300 Raw Materials Inventory Work in Process Inventory Manufacturing Overhead Applied Manufacturing Overhead Incurred $5.450 $30.200 Subsidiary data for Work in Process Inventory on June 1 are as follows. Linton Job Cost Sheets Customer Job Cost Element Rodgers Stevens Direct materials $600 $900 Direct labor 400 500 Manufacturing overhead 500 625 $1.500 $2.025 $800 500 625 $1,925 During June, raw materials purchased on account were $4.800, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $1.000 and miscellaneous costs of $400 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 $700 $1,000 1,800 Koss Stevens 900 300 600 Linton 1.400 1,200 Rodgers 300 400 4,800 3.800 General use 1.400 1.100 $6,200 $4.900 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 $20.700. Each customer paid in full. 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 production, and (3) completion of jobs and sale of goods. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Credit No. Account Titles and Explanation Raw Materials inventory 4800 Accounts Payable (To record purchase of raw materiais) Factory Labor 4900 Cash (To record factory labor costs paid Manufacturing Overhead 1400 Accounts Payable Accumulated Depreciation Equipment (To record manufacturing overhead costs incurred) ( (2) Work in Process Inventory 4800 Manufacturing Overhead 1400 Id. dom JI DI QUI QUI DOI DIO Raw Materials inventory (To record assignment of direct materials) Work In Process Inventory 3800 Manufacturing Overhead 1100 Factory Labor (To record assignment of factory labor) Work in Process inventory 4750 Manufacturing Overhead (To record assignment of manufacturing overhead) (3) Finished Goods Inventory 14975 Work In Process Inventory (To record completion of jobs) (3) Finished Goods Inventory 14975 Work In Process Inventory 14975 (To record completion of jobs) Cash 20700 Sales Revenue 20700 (To record sale of goods) Cost of Goods Sold 14975 Finished Goods Inventory 14975 (To record the cost of goods sold) (b) Post the entries to Work in Process Inventory. (Post the entries to Work in Process Inventory in the order presented in the problem.) Work in Process Inventory 6/1 > June >
