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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, 2017, the general ledger for Case Inc. contains the following data. Raw Materials Inventory $4,704 Manufacturing Overhead Applied $36,557 Work in Process Inventory $6,205 Manufacturing Overhead Incurred $35.448 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 $672 $896 $1,008 Direct labor 358 605 650 Manufacturing overhead 448 756 812 $1,478 $2,257 $2,470 During June, raw materials purchased on account were $5,488, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $1,008 and miscellaneous costs of $448 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 $896 $952 Koss 2,240 896 Stevens 560 403 1,456 1,344 Rodgers 336 437 4.032 General use 1,680 1,344 $7,168 $5,376 Linton 5,488 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 $21,168. Each customer paid in full. Journalise the winn transactions: (1) for purchase of raw materials factory labor costs incurred and manufacturing overhead costs incurred: 2assignment of direct materials, labor and overhead to production and r de 2.500.) e completion of jobs and sale of goods Ow n e y indend a m is el. De Ne, Account Titles and Explanation Debit Crede Torecard surchase of materials Torecord factory Torecard manufacturing overhead costs incurred Torecord agment of material To record assignment of factory labori Torecorde t u ring overhead (Torecord completion of Torecords of goods To record the cost of soldi Post the entries to Work in Process Inventory. (Round answers to decimal places, eg. 2,500.) Work in Process Inventory June 6/1 6/30 List of Accounts Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs. (Round answers to decimal places, eg 2,500.) Costs of unfinished Job: Direct Materials $ + Direct Labor $ + Manufacturing Overhead $ Prepare a cost of goods manufactured schedule for June. (Round answers to 0 decimal places, e.g. 2,500.) CASE INC. Cost of Goods Manufactured Schedule
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