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Problem 16-3A (Part Level Submission) Stellar Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber,

Problem 16-3A (Part Level Submission) Stellar 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, 2014, the general ledger for Stellar Inc. contains the following data.
Raw Materials Inventory $4,620 Manufacturing Overhead Applied $35,904
Work in Process Inventory $6,095 Manufacturing Overhead Incurred $34,815
Subsidiary data for Work in Process Inventory on June 1 are as follows.
Job Cost Sheets
Customer Job
Cost Element Gannon Rosenthal Linton
Direct materials $660 $880 $990
Direct labor 352 594 638
Manufacturing overhead 440 743 798
$1,452 $2,217 $2,426
During June, raw materials purchased on account were $5,390, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $770and miscellaneous costs of $440incurred on account. A summary of materials requisition slips and time tickets for June shows the following.
Customer Job Materials Requisition Slips Time Tickets
Gannon $880 $495
Koss 2,200 880
Rosenthal 550 396
Linton 1,430 1,320
Gannon 330 429
5,390 3,520
General use 1,650 1,320
$7,040 $4,840
Overhead was charged to jobs at the same rate of $1.25per dollar of direct labor cost. The patios for customers Gannon, Rosenthal, and Linton were completed during June and sold for a total of $20,790. Each customer paid in full.
(a) Journalize the June transactions: (i) for purchase of raw materials, factory labor costs incurred, and manufacturing overhead costs incurred; (ii) assignment of direct materials, labor, and overhead to production; and (iii) completion of jobs and sale of goods.(Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 2,500.)
No. Account Titles and Explanation Debit Credit
(i)
(To record purchase of raw materials)
(To record factory labor costs incurred)
(To record manufacturing overhead costs incurred)
(ii)
(To record assignment of direct materials)
(To record assignment of factory labor)
(To record assignment of manufacturing overhead)
(iii)
(To record completion of jobs)
(To record sale of goods)
(To record the cost of goods sold)
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(c)

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(d)

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