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Journalize the June transactions (1) for purchase of raw materials, factory labor cost incurred, and manufacturing overhead cost incurred (2) assignment of direct materials, labor
Journalize the June transactions (1) for purchase of raw materials, factory labor cost incurred, and manufacturing overhead cost incurred (2) assignment of direct materials, labor and overhead to production, and (3) completion of jobs and sales of goods
Case inc s a constrution company specalting in custom patise, The patco are censeructed of conerete, ons, fergass and umber, dnpending upon customer prefernce. on June 1, 2017, the general led Case Inc. contains the following data Ram Matertais Inventory Work in Process Inventory $5,166 $6,814 Manufacturing Overhead Applied$ 40,147 Manufacturing Overhead Incurred$38,930 Subsidiary data for Work in Process Inventory on June i are as follows ob Cost Sheets Cost Element Direct materials Direct labor Mandfacturing overhead 738 394 492 1,624 964 1,10 713 892 2,478$2,712 664 830 Ouning June, raw materials purchases on account were $6,027, and all wages were paid, Addtional A summary of materials requistion sips and time tickets for June shews the felowng oveneed costs conssted of depreciation on equpment $ 1,107 and miscellaneous costs of siips 984 2,460 615 ,599 369 6,027 1.845 $7,872 3,046 443 1,476 Linton Rodjers 4,429 1.476 General use Overhead was charged to yobs at the same rate of $ 1.25 per dolar of direct iabor cost The patios for utomes Rodpers,Stevens and Lireon were completed during customer paid in full Step by Step Solution
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