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So I started the question but honestly got lost so I would appreciate some help and explanation. Case Inc. is a construction company specializing in
So I started the question but honestly got lost so I would appreciate some help and explanation.
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. Subsidiary data for Work in Process Inventory on June 1 are as follows. During June, raw materials purchased on account were $5,100, 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. 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 $20,800. Each customer paid in full. Your answer is partially correct. Jc( 5. Manufacturing Overhead 1200 (To record assignment of manufacturing overhead) (3) Finished Goods Inventory Work in Process Inventory (To record completion of jobs) Cash \begin{tabular}{||l||} \hline \hline 14800 \\ \hline \hline \end{tabular} \begin{tabular}{l} \hline \hline \\ \hline \hline 14800 \\ \hline \hline \end{tabular} Sales Revenue (To record sale of goods) Cost of Goods Sold Finished Goods Inventory (To record the cost of goods sold)Step by Step Solution
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