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Only focus on the Instruction labeled (a), (b), (c), and (d) please 2. Case Inc. is a construction company specializing in custom patios. The patios
Only focus on the Instruction labeled (a), (b), (c), and (d) please
2. 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. S 4,.200 S 990 CR 5,540 Raw Materials Inventory Manufacturing Overhead Work in Process Inventory The beginning work in process inventory consists of three jobs: Rodgers $1320; Stevens $2,015; and Linton $2 205 The following transactions took place during June: . During June, raw materials purchased on account were $4,900 2. Total factory labor charges were $4,800 and all wages were paid in cash. . A summary of materials requisition slips and time tickets for June shows the Time Tickets Customer Job Rodgers Koss Stevens Linton Materials Requisition Slips S 1,100 2,000 500 1300 S 4,900 1,500 S 6,400 $1,240 800 360 1,200 $3,600 1,200 $4,800 Sub-totals General use Totals 4. 5. 6. Overhead was charged to jobs at the rate of S1.25 per dollar of direct labor cost (or 125% of direct labor cost). Additional overhead costs included $900 depreciation on factory equipment and $400 of miscellaneous costs incurred on account. The patios for customers Rodgers, Stevens, and Linton were completed during June and sold for a total of $18,900. Each customer paid in full (a) Journalize the June transactions. Be sure to prepare job cost sheets for each job b) Enter the appropriate beginning balances and post the June transactions to cost (c) Reconcile the balance in Work in Process Inventory with the costs of unfinished (d) Prepare a cost of goods manufactured schedule for June. flow T-accounts. jobsStep by Step Solution
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