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Blossom Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fibreglass, and lumber, depending on customer prBlossom Inc.
Blossom Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fibreglass, and lumber, depending on customer prBlossom Inc. is a construction company specializing in custom patios. Theeference. On June the general ledger for Blossom Inc. contains the following data:
Raw Materials Inventory
$
Work in Process Inventory
$
Manufacturing Overhead Applied
Manufacturing Overhead Incurred
Subsidiary data for Work in Process Inventory on June are as follows:S
Job Cost Sheets
Customer
Cost Element
Fowler
Haines
Krantz
Direct materials
$
$
$
Direct labour
Manufacturing overhead
$
$
$
During June, raw materials purchased on account were $ and $ of factory wages was paid. Additional overhead costs consisted of depreciation on equipment of $ and miscellaneous costs of $ incurred on account.
A summary of materials requisition slips and time tickets for June shows the following:
Customer Job
Materials
Requisition Slips
Time Tickets
Fowler
$
$
Farkas
Haines
Krantz
General use
$
$
Overhead was assigned to all jobs at the same rate of $ per dollar of direct labour cost. The patios for customers Fowler, Haines, and Krantz were completed during June and sold for a total of $ Each customer paid in full at the time of sale.
a
Journalize the June transactions for the following: List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.
purchase of raw materials, factory labour costs incurred, and manufacturing overhead costs incurred
assignment of direct materials, labour, and overhead to production
completion of jobs and sale of goods
No
Account Titles and Explanation
Debit
Credit
enter an account title to record purchase of raw materials
enter a debit amount
enter a credit amount
enter an account title to record purchase of raw materials
enter a debit amount
enter a credit amount
To record purchase of raw materials
enter an account title to record factory labour costs incurred
enter a debit amount
enter a credit amount
enter an account title to record factory labour costs incurred
enter a debit amount
enter a credit amount
To record factory labour costs incurred
enter an account title to record manufacturing overhead costs incurred
enter a debit amount
enter a credit amount
enter an account title to record manufacturing overhead costs incurred
enter a debit amount
enter a credit amount
enter an account title to record manufacturing overhead costs incurred
enter a debit amount
enter a credit amount
To record manufacturing overhead costs incurred
enter an account title to record assignment of direct materials
enter a debit amount
enter a credit amount
enter an account title to record assignment of direct materials
enter a debit amount
enter a credit amount
enter an account title to record assignment of direct materials
enter a debit amount
enter a credit amount
To record assignment of direct materials
enter an account title to record assignment of direct labour
enter a debit amount
enter a credit amount
enter an account title to record assignment of direct labour
enter a debit amount
enter a credit amount
enter an account title to record assignment of direct labour
enter a debit amount
enter a credit amount
To record assignment of direct labour
enter an account title to record assignment of manufacturing overhead to production
enter a debit amount
enter a credit amount
enter an account title to record assignment of manufacturing overhead to production
enter a debit amount
enter a credit amount
To record assignment of manufacturing overhead to production
enter an account title to record completion of jobs
enter a debit amount
enter a credit amount
enter an account title to record completion of jobs
enter a debit amount
enter a credit amount
To record completion of jobs
enter an account title to record sale of goods
enter a debit amount
enter a credit amount
enter an account title to record sale of goods
enter a debit amount
enter a credit amount
To record sale of goods
enter an account title to record cost of jobs sold
enter a debit amount
enter a credit amount
enter an account title to record cost of jobs sold
enter a debit amount
enter a credit amount
To record cost of jobs sold
eTextbook and Media
List of Accounts
Attempts: of used
b
The parts of this question must be completed in order. This part will be available when you complete the part above.
c
The parts of this question must be completed in order. This part will be available when you complete the part above.
d
The parts of this question must be completed in order. This part will be available when you complete the part above.B
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