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Crane Inc. is a constrection company specializing in custom patios. The patios are constructed of concrete, brick, fibreglass, and lumber, depending on customer preference. On
Crane Inc. is a constrection company specializing in custom patios. The patios are constructed of concrete, brick, fibreglass, and lumber, depending on customer preference. On June the general ledger for Crane Inc. contains the following data:Raw Materials Inventory$Work in Process Inventory$Manufacturing Overhead AppliedManufacturing Overhead IncurredSubsidiary data for Work in Process Inventory on June are as follows:SJob Cost Sheets CustomerCost element Fowler. Haines. Krantz Direst materials $ $ $Direct labour Manufacturing overhead $ $ $During June, raw materials purchased on account were $ and $ of factory wages was paid. Additional overhead costs consisted of depreciation on equipment of $ and miscellaneous costs of $ incurred on account.A summary of materials requisition slips and time tickets for June shows the following: Fowler Customer job Fowlermaterials Requisition slips $Fowler time tickets $Farkas customer job Farkas materials requisition slips Farkas time tickets Haines customer job Haines materials requisition slips Haines time tickets Krantz customer job Krantz material requisition slips Krantz time tickets Total material requisition slips Total time tickets General use material requisition slips $General use time tickets $Overhead was assigned to all jobs at the same rate of $ per dollar of direct labour cost. The patios tor customers Fowler, Haines, and Krantz were completed during June and sold for a total of $ Each customer paid in full at the time of sale.aJournalize the June transactions for the following: List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. purchase of raw materials, factory labour costs incurred, and manufacturing overhead costs incurred assignment of direct materials, labour, and overhead to production completion of jobs and sale of goodsaccount tittles and explanation Debit Credit Account titles and explanation Debit credit
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