Problem 15-03A a-d (Video) Waterway Inc. 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, 2020, the general ledger for Waterway Inc. contains the following data. Raw Materials Inventory $4,600 Manufacturing Overhead Applied $35,400 Work In Process Inventory $5,350 Manufacturing Overhead Incurred $32,100 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Rodgers Stevens Linton Direct materials $500 5700 S90 Direct labo 300 500 600 Manufacturing overhead 375 625 750 $1,275 $1,825 $2,2501 During June, raw materials purchased on account were $4,700, and all wages were paid. Additional averhead 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 lune shows the following. Customer Job Materials Requisition Slips Rodgers Koss Stevens Linton Rodgers $400 1,800 400 1,300 400 4,700 1,400 $6,100 Time Tickets SBOG 900 300 1,300 100 3,700 1,000 $4,700 General uso Overhead was charged to jobs at the same rate of $1.75 per dollar of direct labor cost. The patios for customers Radgers, Stevens, and Linton were completed during June and sold for a total of $70,600. Fach customer paid in full. Journalize the June transactions: (1) for purchase or 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. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (1) (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 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) Post the entries to Work in Process Inventory. (Post the entries to Work in Process Inventory in the order presented in the problem.) Work in Process Inventory 6/1 June V V 6/30 Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs. V Costs of unfinished Job: Direct Materials $ + Direct Labor $ + Manufacturing Overhead $ Prepare a cost of goods manufactured schedule for June. WATERWAY INC. Cost of Goods Manufactured Schedule