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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.
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 $20,200. Each customer paid in full at the time of sale. (a) Journalize the June transactions: (1) purchase of raw materials, factory labor costs incurred, and manufacturing overhead costs incurred; (2) assignment of direct materials, labor, and overhead to production; and (3) completion of jobs and sale of goods. (Lst all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually? Blossom 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 Blossom 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 $4,900, and $5,000 of factory wages were paid. Additional overhead costs. consisted of depreciation on equipment $800 and miscellaneous costs of $400 incurred on account. A summary of materials requisition slips and time tickets for June shows the following. Work in Process Inventory Manufacturing Overhead Factory Labor (To record assignment of factory labor) Work in Process Inventory Manufacturing Overhead (To record assignment of manufacturing overhead) (3) Finished Goods Inventory Work in Process Inventory (To record completion of jobs) Cash (To record sale of goods) Cost of Goods Sold Finished Goods Inventory (To record the cost of goods sold) List of Accounts Attempts: 1 of 4 used ost the entries to Work in Process Inventory. (Post the entries to Work in Process Inventory in the order presented in the problem.) List of Accounts Attempts: 1 of 4 used (c) The parts of this question must be completed in order. This part will be available when you complete the part above
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