Wildhorse 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 Wildhorse Inc. contains the following data Raw Materials Inventory Work in Process Inventory $4,400 $5.550 Manufacturing Overhead Applied Manufacturing Overhead Incurred $34,100 $34.300 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 $900 $1,000 Direct labor 200 500 700 Manufacturing overhead 250 625 875 $950 $2.025 $2.575 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. Asummary of materials requisition slips and time tickets for June shows the following A summary of materials requisition slips and time tickets for June shows the following Customer Job Materials Requisition Slips Time Tickets Rodgers $700 $700 Koss 2.100 700 Stevens 500 400 Linton 1,400 1.300 Rodgers 400 400 5.100 3,500 General use 1.300 1,200 $6,400 $4.700 6/15 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 (a) Your awer is correct Journalize the June transactions: (1) for purchase of raw materials, factory labor costs incurred, and manufacturing overhead costs incurred (2) assignment of direct materials, labor, and overhead to production; and 30 completion of jobs and sale of goods (Credit account titles are automatically indented when amount is entered. Do not indent manually) Journalize the Aune transactions: (1) for purchase of raw materials, factory labor costs incurred, and manufacturing overhead costs incurred: (2) assignment of direct materials, labor, and overhead to production and (3) completion of jobs and sale of goods (Credit account titles are automatically indented when amount is entered. De not indent manually No. Account Titles and Explanation (1) Raw Materials Inventory Accounts Payable (To record purchase of raw materials) Factory Cash (To record factory labor costs paid) Manufacturing Overheat Accumulated Depreciation Acts Payable To record manufacturing overhead costs incurrect 125 Wax in Process inntory Manufacturing Overhead Raw Materias inventory (To record assignment of direct materials) Debit 5100 4700 1200 5100 1300 Credit 5100 4700 1100 400 Ra top & Question 7 of 8 < > 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 (30 Finished Goods inventory Work in Process Inventory (To record completion of jobs Sales Reven (To record sale of goods) 3500 1200 6/15 E 6400 4700 4375 4375 14850 14850 20800 20000 Question 7 of 8 (b) Your Answer Correct Answer (Used) 6/15 E Post the entries to Work in Process Inventory. (Post the entries to Work in Process Inventory in the order presented in the problem 6/1 Balanc Work in Process Inventory 5.550 June Completed Work Direct Materials: 5,100 Direct Labor 3,500 Overhead Applied 4375 6/30 Balance (c) Your answer is partially correct 3675 14850 Question 7 of 8 TOT YA C > Pt the Works Pat M 9136 Cof LAIN AES 63 6/15