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Superior Construction, inc. Reconcilation of Finished Goods Inventory Subsidiary More info a. Purchased materials on account, $400,000 b. Requisitioned direct materials and used direct labor

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Superior Construction, inc. Reconcilation of Finished Goods Inventory Subsidiary More info a. Purchased materials on account, $400,000 b. Requisitioned direct materials and used direct labor in construction. Recorded the materials requisitioned. More info c. The company incurred total wages of $300,000. Use the data from Item b to assign the wages. Wages are not yet paid. d. Depreciation of construction equipment, $6,700 e. Other overhead costs incurred: Equipment rentals paid in cash, $30,000; Worker liability insurance expired, $7,000. f. Allocated overhead to jobs. g. Houses completed: 402,404 h. House sold on account: 404 for $250,000 Superior Construction, inc. Reconcilation of Finished Goods Inventory Subsidiary More info a. Purchased materials on account, $400,000 b. Requisitioned direct materials and used direct labor in construction. Recorded the materials requisitioned. More info c. The company incurred total wages of $300,000. Use the data from Item b to assign the wages. Wages are not yet paid. d. Depreciation of construction equipment, $6,700 e. Other overhead costs incurred: Equipment rentals paid in cash, $30,000; Worker liability insurance expired, $7,000. f. Allocated overhead to jobs. g. Houses completed: 402,404 h. House sold on account: 404 for $250,000

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