P19-30A (similar to) 200.000.000 eurot - Ch 35.000 30 More -X 000 LAG Do C 75200 000 7520 Houses com 402 404 Date und 2900 show Accounts CH W Dube 402404 cos P-30A (similar to) 0 OM Constructions 5000 1930 H 7 $5,000. (Prepare a single joumal entry for this event) - X More Info Requirements a. Purchased materials on account, $500,000 b. Requisitioned direct materials and used direct labor in construction Recorded the materials requisitioned Direct Materials Direct Labor House 4025 58.000 $ 43.000 House 403 67.000 31.000 House 404 63.000 58.000 House 405 88.000 56.000 C. The company incurred total wages of S290,000. Use the data from item b to assign the wages Wages are not yet paid d. Depreciation of construction equipment. $6,500 e. Other overhead costs incurred: Equipment rentals paid in cash, 530.000 Worker liability insurance expired. 55.000 1. Allocated overhead to jobs 0. Houses completed 402 404 h. House sold on account 404 for $270,000 1. Calculate Steinbor's predetermined overhead allocation rate for the year 2. Prepare journal entries to record the events in the general journal 3. T-accounts for Work-in-Process Inventory and Finished Goods Inventory have been opened for you. Post the appropriate entries to these accounts identifying each entry by letter. Determine the ending account balances assuming that the beginning balances were zero 4. Add the costs of the unfinished houses and show that this total amount equals the ending balance in the Work-in-process inventory account 5. Add the costs of the completed house that has not yet been sold and show that this equals the ending balance in Finished Goods Inventory 6. Compute gross profit the house that was sold. What costs must gross profit cover for Steinbor Construction? Print Done Print Dong Steinborn Construction, Inc. is a home builder in Arizona. Steinborn uses a job order costing system in which each house is a job. Be costs. For the year, it estimated construction overhead of $1,200,000 and total direct labor cost of $3,000,000. The following events of (Click the icon to view the events.) Read the requirements e. Other overhead costs incurred: Equipment rentals paid in cash, $30,000, Worker liability insurance expired, $5,000. (Prepare a sin Date Accounts Debit Credit 35,000 More Info Construction Overhead Cash Prepaid Insurance 30,000 5,000 a. Purchased mate b. Requisitionedd construction. Re Debit Credit D 1. Allocated overhead to jobs. Date Accounts 1 Work-in-Process Inventory Construction Overhead 75.200 House 4025 75,200 House 403 House 404 House 405 g. Houses completed: 402, 404 Date Accounts Debit Credit Finished Goods Inventory 402 404 C. The company in from Item b to a d. Depreciation of e. Other overhead $30.000: Worker 1. Allocated overhe 9. Houses comple h. House sold on Work in Process inventory 402 404 Choose from any list or enter any number in the input fields and then click Check