Case 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 Case Inc. contains the following data. Raw Materials Inventory Work in Process Inventory $4,500 $5,150 Manufacturing Overhead Applied Manufacturing Overhead Incurred $34,100 $31,100 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 $500 $700 Direct labor 300 600 Manufacturing overhead 375 750 $1.175 $2,050 $800 500 625 $1.925 During June, raw materials purchased on account were $4,900, 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. A summary of materials requisition slips and time tickets for June shows the following. Materials Requisition Slips $700 2,000 Customer Job Rodgers Koss Stevens Linton Rodgers Time Tickets $800 800 400 1,300 500 500 1,400 300 4,900 1,600 General use 3,800 1,200 $5,000 $6,500 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 $20,200. 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 No. Account Titles and Explanation (1) Raw Materials Inventory Credit 4900 Accounts Payable 4900 (To record purchase of raw materials) Debit No. Account Titles and Explanation (1) Raw Materials Inventory Credit 4900 1 4900 Accounts Payable (To record purchase of raw materials) Service Salaries and Wages 5000 Cash 5000 (To record factory labor costs paid) Manufacturing Overhead 1200 Accumulated Depreciation Equipment 800 400 Accounts Payable (To record manufacturing overhead costs incurred) Work in Process Inventory (2) 4900 Manufacturing Overhead 1600 Raw Materials Inventory (To record assignment of direct materials) 6500 Work in Process Inventory 3800 Manufacturing Overhead 1200 Service Salaries and Wages 5000 to record assirement of factorvilabon (To record assignment of factory labor) Work in Process Inventory 4750 4750 Manufacturing Overhead (To record assignment of manufacturing overhead) Finished Goods Inventory (3) 14800 Work in Process Inventory 14800 (To record completion of jobs) Cash 20200 Sales Revenue 20200 (To record sale of goods) Cost of Goods Sold 14800 Finished Goods Inventory 14800 (To record the cost of goods sold) e Textbook and Media e Textbook and Media 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 Balance 5150 June Completed Work Direct Materials 4900 Direct Labor Overhead Applied 6/30 Balance e Textbook and Media e Textbook and Media Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs. Costs of unfinished Job: Direct Materials $ + Direct Labor $ e Textbook and Media Prepare a cost of goods manufactured schedule for June. CASE INC. Cost of Goods Manufactured Schedule $
