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(c) Your answer is partially correct. Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs. Costs of unfinished Job: Koss

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(c) Your answer is partially correct. Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs. Costs of unfinished Job: Koss Direct Materials $ 5200 + Direct Labor $ 3600 eTextbook and Media List of Accounts Save for Later Attempts: 1 of 3 used Submit Answer Question 5 of 7 8.25/15 View Policies Show Attempt History Current Attempt in Progress Ivanhoe 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 Ivanhoe Inc. contains the following data. Raw Materials Inventory Work in Process Inventory $4,000 $5,125 Manufacturing Overhead Applied Manufacturing Overhead Incurred $33,600 $32.200 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Rodgers Stevens Direct materials $500 $800 Direct labor 300 500 Manufacturing overhead 375 625 $1,175 $1,925 Linton $900 500 625 $2,025 During June, raw materials purchased on account were $5,200, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $800 and miscellaneous costs of $400 incurred on account A summary of materials requisition slips and time tickets for June shows the following Time Tickets Customer Job Rodgers Materials Requisition Slips 5800 $700 URLU ULAEation W NW Assement Mayer Question 5 of 7 8.25/15 During June, raw materials purchased on account were $5,200, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $800 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 $800 $700 Koss 2,200 700 Stevens 500 400 Linton 1.400 1,400 Rodgers 300 400 5,200 3,600 General use 1,600 1,000 $6,800 $4,600 Overhead was charged to jobs at the same rate of $1.25 per dollar of direct labor cost. The patids for customers Rodgers, Stevens, and Linton were completed during June and sold for a total of $17,000. Each customer paid in full (a) Your Answer Correct

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