Problem 16-3A

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, 2017, the general ledger for Case Inc. contains the following data.

Raw Materials Inventory

$ 5,208

Manufacturing Overhead Applied

$ 40,474

Work in Process Inventory

$ 6,870

Manufacturing Overhead Incurred

$ 39,246

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

$ 744

$ 992

$ 1,116

Direct labor

397

670

719

Manufacturing overhead

496

837

899

$ 1,637

$ 2,499

$ 2,734

During June, raw materials purchased on account were $ 6,076 , and all wages were paid. Additional overhead costs consisted of depreciation on equipment $ 1,116 and miscellaneous costs of $ 496 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

$ 992

$ 1,054

Koss

2,480

992

Stevens

620

446

Linton

1,612

1,488

Rodgers

372

484

6,076

4,464

General use

1,860

1,488

$ 7,936

$ 5,952

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 $ 23,436 . Each customer paid in full.

***ANSWER ONLY THIS PART: RECONCILE THE BALANCE IN WORK IN PROCESS INVENTORY WITH THE COSTS OF UNFINISHED JOBS. (ROUND ANSWERS TO 0 DECIMAL PLACES, e.g. 2500.)

Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs. (Round answers to 0 decimal places, e.g, 2,s00.) Costs of unfinished obDirect Masterals Direct Materials s +Direct Labor +Manufacturing Overhead $ ll Rights Reserved A Division of John Wley &n