CALCURATOR PRINTER VERSION 4 RACK NEX Problem 2-3A (Video) Case Inc. is a construction company spedalizing 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 Case Inc. contains the following data, Raw Materials Inventory $4,600 Manufacturing Overhead Applied $35,500 Work in Process Inventory $5,900 Manufacturing Overhead Incurred $30,000 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 $600 $700 300 600 375 750 $1,275 $2,050 Linton $1,000 700 875 $2,575 During June, raw materials purchased on account were $4,900, 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 Materials Requisition Time Job Slips Tickets Rodgers $800 $800 Koss 2,000 700 Stevens 400 300 Linton 1,300 1,100 7:05 PM PRINTER VERSION BACK NE During June, raw materials purchased on account were $4,900, 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 Koss Stevens Linton Rodgers $800 2,000 400 1,300 400 4,900 1,400 $6,300 $800 700 300 1,100 300 3,200 1,400 $4,600 General use 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 $19,800. 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 (1) 2:05 PM CALCULATOR PRINTER VERSION 4 RACK NE 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 No. Account Titles and Explanation (1) Credit (To record purchase of raw materials) (To record factory labor costs pald) (To record manufacturing overhead costs incurred) (2) 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 7 6/30 Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs. 7 Costs of unfinished Job: Direct Materials $ + Direct Labor $ + Manufacturing Overhead $ Prepare a cost of goods manufactured schedule for June. CASE INC. Cost of Goods Manufactured Schedule $ Click if you would like to show Work for this question: Open Show Work