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 Linton Direct materials $500 $800 $1,000 Direct labor 400 500 600 Manufacturing overhead 500 625 750 $1,400 $1,925 $2,350 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 (a) New attempt is in progress Some of the new entries may impact the last attempt grading Your answer is partially correct 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 ) No Account Titles and Explanation Debit Credit (1) (To record purchase of raw materials) (To record factory labor costs paid) (To record manufacturing overhead costs incurred) (2) (To record assignment of direct materials) (To record assignment of factory labor) (To record assignment of manufacturing overhead) (3) (To record completion of jobs) (To record sale of goods) (To record the cost of goods sold)

Question

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 Linton Direct materials $500 $800 $1,000 Direct labor 400 500 600 Manufacturing overhead 500 625 750 $1,400 $1,925 $2,350 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  (a) New attempt is in progress  Some of the new entries may impact the last attempt grading  Your answer is partially correct  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 ) No  Account Titles and Explanation Debit Credit (1) (To record purchase of raw materials) (To record factory labor costs paid) (To record manufacturing overhead costs incurred) (2) (To record assignment of direct materials) (To record assignment of factory labor) (To record assignment of manufacturing overhead) (3) (To record completion of jobs) (To record sale of goods) (To record the cost of goods sold)

Accepted Answer

The Answer is in the image, click to view ...

Question

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

Step by Step Solution

Step: 1

Get Instant Access with AI-Powered Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Students also viewed these Accounting questions

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Raw Materials Inventory		$3,900		Manufacturing Overhead Applied		$30,700
Work in Process Inventory		$5,675		Manufacturing Overhead Incurred		$32,000

Job Cost Sheets
	Customer Job
Cost Element	Rodgers	Stevens	Linton
Direct materials	$500	$800	$1,000
Direct labor	400	500	600
Manufacturing overhead	500	625	750
	$1,400	$1,925	$2,350

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

No.	Account Titles and Explanation	Debit	Credit
(1)

	(To record purchase of raw materials)


	(To record factory labor costs paid)



	(To record manufacturing overhead costs incurred)
(2)


	(To record assignment of direct materials)



	(To record assignment of factory labor)


	(To record assignment of manufacturing overhead)
(3)

	(To record completion of jobs)


	(To record sale of goods)


	(To record the cost of goods sold)