P/6-34 Prepare entries for a job order cost system and cost of gods manufactured schedule Case Ind. 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. Raw Materials Inventory Work in Process Inventory $4,200 $5,540 Manufacturing Overhead Applied Manufacturing Overhead Incurred $32,640 $31,650 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Cost Element Direct materials Direct labor Manufacturing overhead Rodgers S600 320 Customer Job Stevens $800 540 6751 $2,015 Linton $900 580 7251 $2,205 400 $1,320 During June, raw materials purchased on account were $4.900, and all wages were paid. Additional overheal costs consisted of depreciation on equipment $900 and miscellaneous costs of $400 incurred on account A surhmary of materials requisition slips and time tickets for June show the following Customer Job Time tickets Rodgers Koss Stevens Linton Rodgers Materials Requisition slips 800 2,000 500 1,300 300 4,900 1,500 6,400 $850 800 360 1,200 390 3.600 General use 1,200 $4,800 Overhead was charged to jobs at the same rate of $1.25 per dollar of direct labor cost. 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. on account A surmary of materials requisition slips and time tickets for June show the following. Customer Job Time tickets Rodgers Koss Stevens Linton Rodgers Materials Requisition slips 800 2,000 500 1,300 300 4,900 1,500 6,4001 $850 800 360 1,200 390 3,600 1,200 $4,800 General use Overhead was charged to jobs at the same rate of $1.25 per dollar of direct labor cost. The patios for customs Rodgers, Stevens, and Linton were completed during June and sold for a total of $18,900. Each cutomer paid in full Instructions Joumalize the June transactions: (1) for 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. Post the entries to Work in Process Inventory Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs. Prepare a cost of goods manufactured schedule for June. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". (b) Post the (d) a)(1) Journalize the June transactions for purchase of raw materials, factory labor costs incurred, and manufacturing overhead costs incurred Account Value Account Value Value Account Account Value Account Value Account Account Value Value (a)(2) Journalize the June transactions for assignment of direct materials, labor, and overhead to production Account Account Value Value Account Value Account Account Value Value Account Value Account Value Account Value ( a3) Journalize the June transactions for completion of jobs and sale of goods. Account Value Account Value Total Costs Stevens Value Value Value Linton Value Value Value Cost Element - Completed Projects June 1 Direct Materials Direct Labor Mit Total June 1 June Month Direct Materials Direct Labor Mitg O/H Total June Month Direct Materials Direct Labor Mitg O/H Total Project Rodgers 600 320 400 1 ,320 1.100 1.240 1.550 3.890 Value Value Value Value Value Value 1.700 1.560 1.950 5.210 Value Account Value Value Account (b) Post the entries to Work in Process Inventory V alue Balance Direct Materials Direct labor Overhead applied Work in Process Inventory Value June Completed work Value Value Value 6/30 Balance (b) Post the W a v e Work in Processo Direct Materials Director Overhead applied Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs 60 balance in Work in Process Inventory Unfinished Koss) Direct materials Direct labe Manufacturing werhead Value (d) Prepare a cost of goods manufactured schedule for June CASE INC Cost of Good Manufactured Schedule For the Month Ended June 30, 2017 Work in June 1 Direct mand Dirst Manufacturing overhead applied Tolm i ng costs Total cost of process Les Worke , June 10 Coolpad