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Problem 2-3A (Part Level Submission) Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber,
Problem 2-3A (Part Level Submission) 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 Work in Process Inventory $5,250 $6,925 Manufacturing Overhead Applied Manufacturing Overheed Incurred $40,800 $39,563 Subsldiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Direct materials Direct labor Rod Linton $750 400 S00 $1,650 51,000 675 $1,125 725 906 $2,756 52,519 During June, raw materials purchased on account were $6,125, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $1,125 and miscellaneous costs of $500 incurred on account. A summary of materials requisition slips and time tickets for June shows the following. Customer Job Time Tickets Materials Requisition slips $1,000 2,500 625 1,625 375 6,125 1,875 $B,000 $1,063 1,000 450 1,500 488 4,501 1,500 6,001 Linton General use 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 $23,625. Each customer pald in full (a) 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 tities are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 2,50o.)
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