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The pinkish box please! P15-3A Prepare entries for a job order cost system and cost of goods manufactured schedule Stellar Inc. is a construction company
The pinkish box please!
P15-3A Prepare entries for a job order cost system and cost of goods manufactured schedule Stellar 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, 2014, the general ledger for Stellar Inc. contains the following data Raw Materials Inventory Work in Process Inventory $4,200 $5,540 Manufacturing Overhead Applied Manufacturing Overhead Incurred $32,640 $31,650 Subsidiary data for Work in Process Inventory on June 1 are as follows ob Cost Sheets Customer Job Rosenthal Cost Element Direct materials Direct labor Manufacturing overhead Gannon $600 320 400 $1,320 $800 540 675 $2,015 Linton $900 580 725 $2,205 During June, raw materials purchased on account were $4,900, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $700 and miscellaneous costs of $400 incurred on account A summary of materials requisition slips and time tickets for June show the following. Customer Job Gannon Koss Rosenthal Linton Gannon Materials Requisition slips $800 2,000 500 1,300 300 4,900 1,500 $ 6,400 Time tickets $450 800 360 1,200 390 3,200 1,200 $4,400 General use Overhead was charged to jobs at the same rate of $1.25 per dollar of direct labor cost. The patios for customers Gannon, Rosenthal, and Linton were completed during June and sold for a total of $18,900 Each customer paid in full
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