Problem 2-3A (Video) 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 $4,000 Manufacturing Overhead Applied $33,600 Work in Process Inventory $5,125 Manufacturing Overhead Incurred $32,200 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 $800 $900 Direct labor 300 500 500 Manufacturing overhead 375 625 625 $1,175 $1,925 $2,025 During June, raw materials purchased on account were $5,200, 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 Materials Requisition Time Job Slips Tickets Rodgers $800 $700 Koss 2,200 700 500 400 Linton 1,400 1,400 Rodgers 300 5,200 3,600 General use 1,600 1,000 $6,800 $4,600 Stevens 400 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 $17,000. 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.) No. Account Titles and Explanation Credit Debit de To record purchase of raw materials) To record factory labor costspaid) To record manufacturing overhead costs incurred) (2) (To record assignment of direct materials (To record assignment of factory labor) (To record assignment of manufacturing overhead) (3) (To record completion of jobs) (To record sale of goods) To record the cost of goods sold VIDEO, STHILAR PROBLE LINK TO TEXT LINK TO TEXT LINK TO TEXI LINK TO TEXT LINK TO TEXT 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 6/1 June C 6/30 W LIST OF ACCOUNTS LINK TO TEXI LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs. S Costs of unfinished job: Direct Materials + Direct Labor - Manufacturing Overhead $ SHOW UNT OF ACCOUNTS LINK TO TENI LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO SIMILAR PROBLEM Prepare a cost of goods manufactured schedule for June. CASE INC Cost of Goods Manufactured Schedule $ SHOW LIST OF MOCOUNTS
