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Reconcle the balance in Work in Process Inventory with the costs of unfinished jobs. Costs of unfinished fob: Direct Materials 5 +Direct Labors Manufacturing Overhead5

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Reconcle the balance in Work in Process Inventory with the costs of unfinished jobs. Costs of unfinished fob: Direct Materials 5 +Direct Labors Manufacturing Overhead5 Martinez inc is a construction compary specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June. 2022, accounting records for Martinez inc. contain the following data. Subsidiary data for Work in Process Inventocy on June 1 are as follow. During June, raw materials purchased on xcount were $5,100, and all wages were paid. Additional overhead costs conshted of depreciation on eguipment $800 and miscelfaneous costs of \$400 incurred on account. A summary of materiab requisitionslips and time tickets for June shows the followine Prepare a cost of goods manufactured schedule for June. During June, raw materials purchased on account were $5,100, and all wases were paid. Additional overhead costs consisted of depreciation on equipment $800 and misce \$400incurred on account: A summary of materials requisition slips and time tickets for June shows the following: Overhicad was charged to jobs at the rate of $1.25 per dollar of direct labor cost. The patios for customers Rodgers. Stevens, and Linton were completed during June and sold paid in full. perencheies es (45) \begin{tabular}{|c|c|c|c|c|c|} \hline & \multicolumn{3}{|c|}{ Manufacturine Costs } & \multirow[t]{2}{*}{ Work in Process Inventory } & \multirow[t]{2}{*}{ Finished Goods Inventory } \\ \hline & Raw Materials Imventory & Factory Laboe & Manufacturing Overhead & & \\ \hline ugbalance & 4600 & 5 & 1200 & 5500 & s \\ \hline \end{tabular} seraw maserials adtactorybor verhead costs Yequip deper. moteriais tmoteriahs istoes thabor edovethead tion of jobs poss

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