Crane 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 Crane Inc. contains the following data. Raw Materials Inventory $3,800 Manufacturing Overhead Applied $35,800 Work in Process Inventory $4,800 Manufacturing Overhead Incurred $29,800 Subsidiary data Work in Process Inventory on June 1 are as follows for Job Cost Sheets Customer Job Cost Element Rodgers Stevens Linton Direct materials $500 $800 $800 Direct labor 200 500 500 Manufacturing overhead 250 625 625 $950 $1,925 $1,925 During June, raw materials purchased miscellaneous costs of $400 incurred on account. account were $4,700, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $900 and A summary of materials requisition slips and time tickets for June shows the following. Materials Requisition Slips Customer Time Tickets Job Rodgers $800 $800 Koss 2,000 800 Stevens 400 300 Linton 1,200 1,200 300 Rodgers 400 4,700 3.500 1,100 General use 1,300 $6,000 $4,600 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 $19,900. Each customer pald in full. Help I System Announcements CALCULATOR PRINTER VERSION 4BACK Journalize the June transactions: (1) for purchase of raw materials, factory labor costs incurred, and manufacturing overhead costs incurred; (2) assignment of direc 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) Raw Materials Inventory 4,700 Accounts Payable 4,700 (To record purchase of raw materials) Factory Labor 4,600 Cash 4,600 (To record factory labor costs paid) Manufacturing Overhead 1300 Accumulated Depreciation-Equipment 900 Accounts Payable 400 (To record manufacturing overhead costs incurred) (2) Work in Process Inventory 4,700 Manufacturing Overhead 1,300 Raw Materials Inventory 6,000 (To record assignment of direct materials) Work in Process Inventory 3,500 Manufacturing Overhead 1,100 4,600 Factory Labor Weygandt,Accounting Principles, 13e Help System Announcements InpauaAn.6uunnPinUPLI0 1auunisSP.niImainu (3) Finished Goods Inventory 14775 Work in Process Inventory 14775 (To record completion of jobs) Cash 19,900 Sales Revenue 19,900 (To record sale of goods) Cost of Goods Sold 14775 Finished Goods Inventory 14775 (To record the cost of goods sold) SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT 30 Your answer is partially correct. Try again. 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 June Balance 4,800 Completed Work # 14775 Direct Materials 4,700 Direct Labor 3,500 Overhead Applied 4375 6/30 2600 Balance SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT x Your answer is incorrect. Try again. Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs. Costs of unfinished Job: + Manufacturing Overhead s Direct Materials $ + Direct Labor $ SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TExT answer is partially correct. Try again. Prepare a cost of goods manufactured schedule for June. CRANE INC. Cost of Goods Manufactured Schedule June 30, 2020 4800 Work in Process, June 1 4,700 Direct Materials Used 3,500 Direct Labor Manufacturing Overhead Applied # 4375 Total Manufacturing Costs 12575 Total Cost of Work in Process 17375 Less Work in Process, June 30 2600 Cost of Goods Manufactured 14775 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Po Que