CH 15 HW

Question25of25

- / 1

View Policies

Show Attempt History

Current Attempt in Progress

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$3,900Manufacturing Overhead Applied$35,600Work in Process Inventory$5,975Manufacturing Overhead Incurred$29,400

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$700$900$1,000Direct labor300500700Manufacturing overhead375625875$1,375$2,025$2,575

During June, raw materials purchased on account were $4,600, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $800and miscellaneous costs of $400incurred on account.

A summary of materials requisition slips and time tickets for June shows the following.

Customer Job

Materials Requisition Slips

Time Tickets

Rodgers$700$900Koss1,800700Stevens500400Linton1,3001,300Rodgers3004004,6003,700General use1,5001,200$6,100$4,900

Overhead was charged to jobs at the same rate of $1.25per dollar of direct labor cost. The patios for customers Rodgers, Stevens, and Linton were completed during June and sold for a total of $18,500. 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.)

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)

eTextbook and Media

List of Accounts

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

Direct Labor

Direct Materials

Completed Work

Overhead Applied

June

Completed Work

Balance

Direct Materials

Direct Labor

Overhead Applied

Overhead Applied

Direct Labor

Direct Materials

Balance

Completed Work

Completed Work

Direct Labor

Balance

Overhead Applied

Direct Materials

Direct Materials

Completed Work

Balance

Overhead Applied

Direct Labor

Direct Labor

Direct Materials

Balance

Completed Work

Overhead Applied

Direct Labor

Balance

Overhead Applied

Direct Materials

Completed Work

Direct Materials

Overhead Applied

Direct Labor

Balance

Completed Work

6/30

Balance

Direct Materials

Overhead Applied

Completed Work

Direct Labor

Overhead Applied

Completed Work

Balance

Direct Labor

Direct Materials

eTextbook and Media

List of Accounts

Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs.

Costs of unfinished Job:

Rodgers

Koss

Linton

Stevens

Direct Materials $+ Direct Labor $+ Manufacturing Overhead $= $

eTextbook and Media

List of Accounts

Prepare a cost of goods manufactured schedule for June.

CASE INC.

Cost of Goods Manufactured Schedule

For the Year Ended June 30, 2020

June 30, 2020

For the Month Ended June 30, 2020

Cost of Goods Manufactured

Direct Labor

Direct Materials Used

Manufacturing Overhead Applied

Total Cost of Work in Process

Total Manufacturing Costs

Work in Process, June 1

Work in Process, June 30

Raw Materials, June 1

Raw Materials, June 30

Finished Goods, June 1

Finished Goods, June 30

$

Cost of Goods Manufactured

Direct Labor

Direct Materials Used

Manufacturing Overhead Applied

Total Cost of Work in Process

Total Manufacturing Costs

Work in Process, June 1

Work in Process, June 30

Finished Goods, June 1

Finished Goods, June 30

Raw Materials, June 1

Raw Materials, June 30

$

Cost of Goods Manufactured

Direct Labor

Direct Materials Used

Manufacturing Overhead Applied

Total Cost of Work in Process

Total Manufacturing Costs

Work in Process, June 1

Work in Process, June 30

Raw Materials, June 1

Raw Materials, June 30

Finished Goods, June 1

Finished Goods, June 30

I need solution

Cost of Goods Manufactured

Direct Labor

Direct Materials Used

Manufacturing Overhead Applied

Total Cost of Work in Process

Total Manufacturing Costs

Work in Process, June 1

Work in Process, June 30

Finished Goods, June 1

Finished Goods, June 30

Raw Materials, June 1

Raw Materials, June 30

Cost of Goods Manufactured

Direct Labor

Direct Materials Used

Manufacturing Overhead Applied

Total Cost of Work in Process

Total Manufacturing Costs

Work in Process, June 1

Work in Process, June 30

Raw Materials, June 1

Raw Materials, June 30

Finished Goods, June 1

Finished Goods, June 30

Cost of Goods Manufactured

Direct Labor

Direct Materials Used

Manufacturing Overhead Applied

Total Cost of Work in Process

Total Manufacturing Costs

Work in Process, June 1

Work in Process, June 30

Finished Goods, June 1

Finished Goods, June 30

Raw Materials, June 1

Raw Materials, June 30

Add

Less

:

Cost of Goods Manufactured

Direct Labor

Direct Materials Used

Manufacturing Overhead Applied

Total Cost of Work in Process

Total Manufacturing Costs

Work in Process, June 1

Work in Process, June 30

Raw Materials, June 30

Raw Materials, June 1

Finished Goods, June 1

Finished Goods, June 30

Cost of Goods Manufactured

Direct Labor

Direct Materials Used

Manufacturing Overhead Applied

Total Cost of Work in Process

Total Manufacturing Costs

Work in Process, June 1

Work in Process, June 30

Finished Goods, June 30

Finished Goods, June 1

Raw Materials, June 1

Raw Materials, June 30

$