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Problem 20-03A a-d (Video) Sunland Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending

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Problem 20-03A a-d (Video) Sunland 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 Sunland Inc. contains the following data. $34,900 Raw Materials Inventory Manufacturing Overhead Applied $3.800 Manufacturing Overhead Incurred Work in Process Inventory $5,775 $30,800 Subsidiary data for Work in Process Inventory on June 1 are as follows Job Cost Sheets Customer Job Rodgers Linton Cost Element Stevens $700 $700 $1,000 Direct materials 600 600 Direct labor 300 750 750 Manufacturing overhead 375 $2.050 $2,350 $1.375 During June, raw materials purchased on account were $5.100, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $900 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 $900 Rodgers $700 800 2,200 Koss 300 500 Stevens 1,400 1.200 Linton 300 Rodgers 300 3.500 5.100 1.200 1,600 General use $6.700 $4,700 Overhead was charged to jobs at the same rate of s1.25 per dollar of direct labor cost. The patios for customers Rodgers. Stevens, and Linton were comple during June and sold for a total of $20.600. 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) assignmen direct materials, labor and overhead to production: and (3) completion of jobs and sale of goods. (Credit account titles are automatically indented wv amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (1) Raw Materials Inventory Accounts Payable (To record purchase of raw materials) Factory Labor Cash (To record factory labor costs paid) Manufacturing Overhead Accounts Payable Accumulated Depreciation-Equipment (To record manufacturing overhead costs incurred) (2) Work in Process Inventory Manufacturing Overhead Raw Materials Inventary (To record assignment of direct materials) Work in Process Inventory Manufacturing Overhead Factory Labor (To record assignment of factory labor) Work in Process Inventory Manufacturing Overhead To record assignment of manufacturing overhead) CALCULA (3) Finished Goods Inventory work (To record completion of jobs) Cash Sales Revenue (To record sale of goods) Cost of Goods Sold Finished Goods Inventory (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 pr Work in Process Inventory 6/1 June Direct Labor 6/30 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 June 6/1 Direct Labor 6/30 Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs. + Direct Labor $ +Manufacturing Overhead $ Costs of unfinished Jobi Direct Materials $ Prepare a cost of goods manufactured schedule for June. SUNLAND INC Cost of Goods Manufactured Schedule click if you would like to Sshow Work for this question ARen ShoiW

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