Georg somas te wees Ray www Code D test During pre aas Arrow 1.00 Roger haven Jew ORG podid Press HWF NOTE: Energ minh DJ and NO BAR POP Wh Die CT Com Problem2. Prepare entries for a job order cost system and cost of goods maractured schedule Case Inc. is a construction company specializing in custom patiosThe patios are constricted of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2017, the general ledger for Case Inc contains the following data Raw Materials Inventory S4 200 Manufacturing Overhead Applied Work in Process Inventory $5,540 Manufacturing Overhead incurred Subsidiary data for Work in Process Irventory on June 1 are as follows RE Cost Element Direct materials Direct labor Manufacturing overhead Job Cost Sheets Customer Job Rodgers Stevens $600 $800 320 540 400 675 S1 320 S2015 Linton $900 580 725 $2,205 During June, raw materials purchased on account were $4.900, and all wages were paid Additional overhead costs consisted of depreciation on equipment $900 and miscellaneous costs of $400 incurred on account A summary of materials requisition sps and time tickets for June show the following Materials Requisition Customer Job Slips Time tickets Rodgers $800 $850 Koss 2.000 300 Stevens 500 360 1,300 1.200 Rodgers 300 390 4.900 3.600 General use 1,500 1.200 56.400 S4.800 Linton Overhead was charged to jobs at the same rate of $125 per dollar of direct labor cast. The patios for customers Rodgers, Stevens, and Linton were completed dunng Junc and sold for a total of 518,900 Each customer paid in full Instructions (a) Journaize the June transactions (1) for purchase of raw matenals, factory labor costs incurred, and manufacturing overhead costs included (2) assignment of direct materials, labor and overhead to production, and (3) completion of jobs and sale of goods. (b) Post the entries to Work in Process Inventory (c) Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". (a)(1) Journalize the June bansactions for purchase of raw maletals, factory labor costs incurred, and manufactuning Overhead costs incurred Account Value Account Value Value Account Account Value Value Account Account Account Value (a)(2) Jourraizo the Jure Sansactions for assgrenent of direct materials, bor, and overhead to production Account Account Value Value Account Valus Account Account Valur Value Account Vou Account Value Account Value (a)(3) Journalze the June transacbons for completon of jobs and sale of goods Account Value Account Value Account Value Account Viele Account Value Account Value (0) Post the entnes to Work in Process Inventory 6/1 Value Balance Direct Materials Direct labor Overhead applied Work in Process Inventory Value June Completed work Value Value Value 6/30 Balance 7 (c) Openjob cest sheets for Rodgers enter the January 1 balances and post related costs to the job cost sheet Explanation Balance 0/1 June's costs Direct Watcrials Value Value Direct Labor Value Valuc ? Manufacturing Overhead Value Value > Total Cost Value Value 2