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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
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 $3.900 Manufacturing Overhead Applied $30.700 Work in Process Inventory $5,675 Manufacturing Overhead Incurred $32.000 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 400 500 Manufacturing overhead 625 $1,400 $1.925 Linton $1,000 600 750 $2,350 500 During June, raw materials purchased on account were $5,000, 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 $900 $900 Koss 1.800 800 Stevens 600 400 Linton 1.400 1,300 Rodgers 300 400 5.000 3,800 General use 1,400 1,200 $6,400 $5,000 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 $20,800. 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 ot jobs and sale of goods. (Credit account titles are automaticchiy indented when amount is entered. Do not Indent manually) No. Account Titles and Explanation Debit Credit (1) (To record purchase of raw materials) (To record factory labor costs paid) 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 6/30 Question Part Score --/0.5 Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs. Costs of unfinished Job: Direct Materials $ +Direct Labor $ Taythonland Question Part Score Prepare a cost of goods manufactured schedule for June CASE INC. Cost of Goods Manufactured Schedule
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