homework chapter 20

Sheridan Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending on customer preference. On June 1, 2022, the general ledger for Sheridan Inc. contains the following data. Raw Materials Inventory $4,400 Manufacturing Overhead Applied $33,100 Work in Process Inventory $5,750 Manufacturing Overhead Incurred $32,200 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 $1,000 Direct labor 300 500 600 Manufacturing overhead 375 625 750 $1,375 $2,025 $2,350 During June, raw materials purchased on account were $4,900, and $4,500 of factory wages were paid. Additional overhead costs consisted of depreciation on equipment $800 and miscellaneous costs of $500 incurred on account. A summary of materials requisition slips and time tickets for June shows the following. A summary of materials requisition slips and time tickets for June shows the following. Customer Job Materials Requisition Slips Time Tickets Rodgers $800 $800 Koss 1,900 800 Stevens 600 300 Linton 1,200 1,000 Rodgers 400 300 4,900 3,200 General use 1,600 1,300 $6,500 $4,500 Overhead was assigned to jobs at the same rate of $1.25 per dollar of direct labor cost throughout the year. The patios for customers Rodgers, Stevens, and Linton were completed during June and sold for a total of $18,800. Each customer paid in full at the time of sale. Prepare a cost of goods manufactured schedule for June. SHERIDAN INC. Cost of Goods Manufactured Schedule $ $ : $