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Question 5 of 7 > 3.75/15 (b) Post the entries to Work in Process Inventory. (Post the entries to Work in Process Inventory in the
Question 5 of 7 > 3.75/15 (b) 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 6/30 eTextbook and Media List of Accounts Attempts:0 of 3 used Submit Answer Save for Later (c) The parts of this question must be completed in order. This part will be available when you complete the part above. ECON200003 202110 W NWP Assessment Player Ul Application W NWP Assessment Question 5 of 7 3.75/15 III Current Attempt in Progress Ivanhoe 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 Ivanhoe Inc. contains the following data Raw Materials Inventory Work in Process Inventory $4,000 $5,125 Manufacturing Overhead Applied Manufacturing Overhead Incurred $33,600 $32,200 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Rodgers Stevens Direct materials $500 $800 Direct labor 300 500 Manufacturing overhead 375 625 $1,175 $1,925 Linton $900 500 625 $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. 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 Job Rodgers Koss Stevens Linton Rodgers Materials Requisition Slips $800 2,200 500 1,400 300 5.200 1,600 $6,800 Time Tickets $700 700 400 1,400 400 3,600 1,000 $4,600 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 $17,000. Each customer paid in full. (a)
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