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View Policies Show Attempt History Current Attempt in Progress Sheridan Inc is a construction company specializing in custom patios. The patios are constructed of concrete,

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View Policies Show Attempt History Current Attempt in Progress Sheridan 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 Sheridan inc.contains the following data. $31.800 $3.900 Raw Materials Inventory Work in Process Inventory Manufacturing Overhead Applied Manufacturing Overhead incurred $34,600 $5,475 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Rodgers Stevens Linton Cost Element $500 $700 5900 300 600 600 Direct materials Direct labor Manufacturing overhead 375 750 750 $1.175 $2,050 52.250 During June, raw materials purchased on account were $4.700, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $1,000 and miscellaneous costs of $300 incurred on account A summary of materials requisition slips and time tickets for June shows the following Time Tickets Customer Job Materials Requisition Slips cond Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Rodgers Stevens Linton Direct materials $500 $700 $900 Direct labor 300 600 600 Manufacturing overhead 375 750 750 $1.175 $2,050 $2.250 During June, raw materials purchased on account were $4,700, and all wages were paid. Additional overhe depreciation on equipment $1,000 and miscellaneous costs of $300 incurred on account. A summary of materials requisition slips and time tickets for June shows the following Customer Job Materials Requisition Slips Time Tickets Rodgers $800 $900 Koss 1.900 900 Stevens 500 400 Linton 1,300 1.200 Rodgers 200 400 4,700 3,800 General use 1,400 1.200 $6.100 $5.000 No. Account Titles and Explanation Debit Credit (1) Raw Materials Inventory Accounts Payable (To record purchase of raw materials) Factory Labor Cash (To record factory labor costs paid) Manufacturing Overhead Accounts Payable Accumulated Depreciation Equipment (To record manufacturing overhead costs incurred) | UNDIR () (2) Work In Process Inventory Manufacturing Overhead Raw Materials inventory (To record assignment of direct materials) Work in Process Inventory Manufacturing Overhead Factory Labor (To record assignment of factory labor) Work in Process Inventory Manufacturing Overhead (To record assignment of manufacturing overhead) (3) Finished Goods Inventory Work in Process Inventory (To record completion of jobs) Cash Sales Revenue II. (To record sale of goods) Cost of Goods Sold Finished Goods Inventory (To record the cost of goods sold)

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