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PLEASE TAKE YOUR TIME AND ANSWER THE QUESTIONS TO THE BEST OF YOUR ABILITY WILL GIVE A 5 STAR REVIEW AND RATING THANK YOU!!! Cullumber
PLEASE TAKE YOUR TIME AND ANSWER THE QUESTIONS TO THE BEST OF YOUR ABILITY WILL GIVE A 5 STAR REVIEW AND RATING THANK YOU!!!
Cullumber 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, 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, raw materials purchased on account were $4,900, and $4,600 of factory wages were paid. Additional overhead costs consisted of depreciation on equipment $1,000 and miscellaneous costs of $400 incurred on account. A summary of materials requisition slips and time tickets for June shows the following. 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 $19,800. Each customer paid in full at the time of sale. Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs. Labor $ + Manufacturing Overhead \$ =$ Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs. Costs of unfinished Job: Direct Materials \$ + Direct Labor $ Prepare a cost of goods manufactured schedule for June. Drenare a roct af onnde manifartired crhedulb for lneStep by Step Solution
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