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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 Work in Process Inventory $4,600 $5,425 Manufacturing Overhead Applied Manufacturing Overhead Incurred $35,000 $29,800 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 $700 $900 Direct labor 300 Manufacturing overhead 375 625 $1,375 $2,025 500 $900 500 625 $2,025 During June, raw materials purchased on account were $5,000, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $900 and miscellaneous costs of $500 incurred on account. A summary of materials requisition slips and time tickets for June shows the following. Customer Job Materials Requisition Slips $700 Time Tickets $800 Rodgers A summary of materials requisition slips and time tickets for June shows the following. Customer Job Rodgers Koss Materials Requisition Slips $700 1,900 600 Time Tickets $800 900 Stevens 400 Linton 1,400 1,400 Rodgers 400 500 General use 5,000 1,500 $6,500 4,000 1,100 $5,100 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. Prepare a cost of goods manufactured schedule for June. CASE INC. Cost of Goods Manufactured Schedule Work in Process, June 1 Work in Process, June 1 $ Direct Materials Used Direct Labor Manufacturing Overhead Applied Total Manufacturing Costs Less Work in Process, June 30
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