Concord 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 Concord inc. contains the following data. Subsidiary data for Work in Process Inventory on June 1 are as follows. During June, raw materials purchased on account were $5,400, and all wages were pald Additional overhead costs consisted of depreciation on equipment $1,000 and mbcellaneous costs of $500 incurred on account. During June, raw materials purchased cn account were $5,400, and al wages were paid. Additional overhead costs consisted of depreciation on equipment $1.000 and miscellaneous costs of $500 incurred on account. A summary of materials requisition slips and time tickets for June shows the following. Owerie 34 was charesd to jobs at the same rate of $1.25 per dollar of direct labor cost. The patios for customers Rodgers, Stevens, and Uinton were compieted during June and sold for a total of 517,400 . Each custoener pald 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 ore outomatically indented when amount is entered, Do not indent manually.) (To record manufacturing overhead costs incurred) (2) (To record assignment of direct materials) (To record assignment of factory labor) (To record assignment of manulacturing overhead) (3) (To record assignment of manufacturing overhead) (3) (To record completion of jobs) (To record sale of goods) (To record the cost of goods sold) Concord 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 Concord inc. contains the following data. Subsidiary data for Work in Process Inventory on June 1 are as follows. During June, raw materials purchased on account were $5,400, and all wages were pald Additional overhead costs consisted of depreciation on equipment $1,000 and mbcellaneous costs of $500 incurred on account. During June, raw materials purchased cn account were $5,400, and al wages were paid. Additional overhead costs consisted of depreciation on equipment $1.000 and miscellaneous costs of $500 incurred on account. A summary of materials requisition slips and time tickets for June shows the following. Owerie 34 was charesd to jobs at the same rate of $1.25 per dollar of direct labor cost. The patios for customers Rodgers, Stevens, and Uinton were compieted during June and sold for a total of 517,400 . Each custoener pald 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 ore outomatically indented when amount is entered, Do not indent manually.) (To record manufacturing overhead costs incurred) (2) (To record assignment of direct materials) (To record assignment of factory labor) (To record assignment of manulacturing overhead) (3) (To record assignment of manufacturing overhead) (3) (To record completion of jobs) (To record sale of goods) (To record the cost of goods sold)
