Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I have provided everything for the question kindly help now. Nothing is missing kindly give me the answer, i need help with what I am

I have provided everything for the question kindly help now. image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Nothing is missing kindly give me the answer, i need help with what I am missing i dont know why chegg is paying you indians if you dont know anything
Case 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, 2017, the general ledger for Case 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 $5.194, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $954 and miscellaneous costs of $424 incurred on account. A summary of materials requisition slips and time tickets for June shows the following. Journalize the June transactions: (1) for purchase of raw materials, factory labor costs incurred, and manufacturing overhead costs incurred; (2) assignment of direct materials, labos, and overhead to production; and (3) completion of jobs and sale of goods. (Credit occount titles are automatically indented When amount is entered, Do not indent manually Round answers to O decimat ploces, es. 2,500.) Accumulated Depreciation-Equipment Accounts Payable (To record manufacturing overhead costs incurred) (2) Warkin Process imentory 5194 Manuacturing Outertead RawMsterlais inventory 1590 (To record assignment of direct materials) Woek in Process I mentory. Manufacturing Overhead 1272 Factory Labor (To record assignment of factory labor) Work in Process liwentory 4770 Manufacturing Overthead [To record assignment of manufacturing overhead) (3) (To record completion of jobs) (3) (To record completion of jobs) (To record sale of goods) (To record the cost of goods sold) Post the entries to Work in Process Inventory. (Round answers to 0 decimai places, e.g. 2,500) Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs, (Round answers to O decimal places, es. 2,500) Costs of unfinished Job: Direct Materials $ + Direct Labor $ Cost of Goods Manufactured Schedule Case 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, 2017, the general ledger for Case 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 $5.194, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $954 and miscellaneous costs of $424 incurred on account. A summary of materials requisition slips and time tickets for June shows the following. Journalize the June transactions: (1) for purchase of raw materials, factory labor costs incurred, and manufacturing overhead costs incurred; (2) assignment of direct materials, labos, and overhead to production; and (3) completion of jobs and sale of goods. (Credit occount titles are automatically indented When amount is entered, Do not indent manually Round answers to O decimat ploces, es. 2,500.) Accumulated Depreciation-Equipment Accounts Payable (To record manufacturing overhead costs incurred) (2) Warkin Process imentory 5194 Manuacturing Outertead RawMsterlais inventory 1590 (To record assignment of direct materials) Woek in Process I mentory. Manufacturing Overhead 1272 Factory Labor (To record assignment of factory labor) Work in Process liwentory 4770 Manufacturing Overthead [To record assignment of manufacturing overhead) (3) (To record completion of jobs) (3) (To record completion of jobs) (To record sale of goods) (To record the cost of goods sold) Post the entries to Work in Process Inventory. (Round answers to 0 decimai places, e.g. 2,500) Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs, (Round answers to O decimal places, es. 2,500) Costs of unfinished Job: Direct Materials $ + Direct Labor $ Cost of Goods Manufactured Schedule

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: James D. Stice, Earl K. Stice, Fred Skousen

17th Edition

032459237X, 978-0324592375

More Books

Students also viewed these Accounting questions