Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please solve Eecondie the talance in Work in Process invertary with the costs of unfminhed job. Costs of unfiniched sob: Direct Matersatis +Directlabors - Mandichatice
please solve
Eecondie the talance in Work in Process invertary with the costs of unfminhed job. Costs of unfiniched sob: Direct Matersatis +Directlabors - Mandichatice Oentrads 5 cTextbook and Media tht of Accounts 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 $20,000. Each customer paid in full at the time of sale. 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. (List all debit entries before credit entries, Credit account titles are automatically Indented when amount is entered. Do not Indent manualthy Prepare a cost of goods manufactured schedule for June. (1o record assignment of factory labor) (To record assignment of manufacturing overhead) (3) (To record completion of jobs) (To record sale of goods) (To record the cost of goods sold) eTextbook and Media List of Accounts (To record purchase of raw materials) (To record factory labor costs paid) (To record manufacturing overhead costs incurred) (2) (To record assignment of direct materials) (To record assignment of factory fabor) Costs of unfinished Job: Direct Materials \$ + Ditect Labors eTextbook and Media List of Accounts Cullumber inc. is a construction compary specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending on customer preference. On June 1,2025, the general ledger for Cullumber Inc contains the following data. Subsidiary data for Work in Process Inventory on June 1 are as follows. During June, rew materials purchased on account were $4,700 and $5,000 of factocy wages were paid. Adtitional overhead costs consisted of depreciation on equigment $800 and miscellaneous costs of $500 incurred on accocint. A summary of materiats requisition slips and time tickets for June shows the following: Eecondie the talance in Work in Process invertary with the costs of unfminhed job. Costs of unfiniched sob: Direct Matersatis +Directlabors - Mandichatice Oentrads 5 cTextbook and Media tht of Accounts 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 $20,000. Each customer paid in full at the time of sale. 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. (List all debit entries before credit entries, Credit account titles are automatically Indented when amount is entered. Do not Indent manualthy Prepare a cost of goods manufactured schedule for June. (1o record assignment of factory labor) (To record assignment of manufacturing overhead) (3) (To record completion of jobs) (To record sale of goods) (To record the cost of goods sold) eTextbook and Media List of Accounts (To record purchase of raw materials) (To record factory labor costs paid) (To record manufacturing overhead costs incurred) (2) (To record assignment of direct materials) (To record assignment of factory fabor) Costs of unfinished Job: Direct Materials \$ + Ditect Labors eTextbook and Media List of Accounts Cullumber inc. is a construction compary specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending on customer preference. On June 1,2025, the general ledger for Cullumber Inc contains the following data. Subsidiary data for Work in Process Inventory on June 1 are as follows. During June, rew materials purchased on account were $4,700 and $5,000 of factocy wages were paid. Adtitional overhead costs consisted of depreciation on equigment $800 and miscellaneous costs of $500 incurred on accocint. A summary of materiats requisition slips and time tickets for June shows the following Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started