Problem 15-03A

Case 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 Case Inc. contains the following data.

Raw Materials Inventory		$4,400		Manufacturing Overhead Applied		$34,100
Work in Process Inventory		$5,550		Manufacturing Overhead Incurred		$34,300

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		$900		$1,000
Direct labor		200		500		700
Manufacturing overhead		250		625		875
		$950		$2,025		$2,575

During June, raw materials purchased on account were $5,100, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $800 and miscellaneous costs of $400 incurred on account. A summary of materials requisition slips and time tickets for June shows the following.

Customer Job		Materials Requisition Slips		Time Tickets
Rodgers		$700		$700
Koss		2,100		700
Stevens		500		400
Linton		1,400		1,300
Rodgers		400		400
		5,100		3,500
General use		1,300		1,200
		$6,400		$4,700

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 $20,800. Each customer paid in full.

Journalize 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. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Post the entries to Work in Process Inventory. (Post the entries to Work in Process Inventory in the order presented in the problem.)

Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs.

Costs of unfinished Job: RodgersKossLintonStevens Direct Materials $ + Direct Labor $ + Manufacturing Overhead $ = $

SHOW LIST OF ACCOUNTS
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Prepare a cost of goods manufactured schedule for June.

CASE INC. Cost of Goods Manufactured Schedule For the Month Ended June 30, 2020For the Year Ended June 30, 2020June 30, 2020
Cost of Goods ManufacturedDirect LaborDirect Materials UsedManufacturing Overhead AppliedTotal Cost of Work in ProcessTotal Manufacturing CostsWork in Process, June 1Work in Process, June 30Raw Materials, June 1Raw Materials, June 30Finished Goods, June 1Finished Goods, June 30				$
Cost of Goods ManufacturedDirect LaborDirect Materials UsedManufacturing Overhead AppliedTotal Cost of Work in ProcessTotal Manufacturing CostsWork in Process, June 1Work in Process, June 30Finished Goods, June 1Finished Goods, June 30Raw Materials, June 1Raw Materials, June 30		$
Cost of Goods ManufacturedDirect LaborDirect Materials UsedManufacturing Overhead AppliedTotal Cost of Work in ProcessTotal Manufacturing CostsWork in Process, June 1Work in Process, June 30Raw Materials, June 1Raw Materials, June 30Finished Goods, June 1Finished Goods, June 30
Cost of Goods ManufacturedDirect LaborDirect Materials UsedManufacturing Overhead AppliedTotal Cost of Work in ProcessTotal Manufacturing CostsWork in Process, June 1Work in Process, June 30Finished Goods, June 1Finished Goods, June 30Raw Materials, June 1Raw Materials, June 30
Cost of Goods Manufactured Direct Labor Direct Materials Used Manufacturing Overhead Applied Total Cost of Work in Process Total Manufacturing Costs Work in Process, June 1 Work in Process, June 30 Raw Materials, June 1 Raw Materials, June 30 Finished Goods, June 1 Finished Goods, June 30
Cost of Goods ManufacturedDirect LaborDirect Materials UsedManufacturing Overhead AppliedTotal Cost of Work in ProcessTotal Manufacturing CostsWork in Process, June 1Work in Process, June 30Finished Goods, June 1Finished Goods, June 30Raw Materials, June 1Raw Materials, June 30
AddLess : Cost of Goods ManufacturedDirect LaborDirect Materials UsedManufacturing Overhead AppliedTotal Cost of Work in ProcessTotal Manufacturing CostsWork in Process, June 1Work in Process, June 30Raw Materials, June 30Raw Materials, June 1Finished Goods, June 1Finished Goods, June 30
Cost of Goods ManufacturedDirect LaborDirect Materials UsedManufacturing Overhead AppliedTotal Cost of Work in ProcessTotal Manufacturing CostsWork in Process, June 1Work in Process, June 30Finished Goods, June 30Finished Goods, June 1Raw Materials, June 1Raw Materials, June 30				$