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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

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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 Direct materials $500 $900 Direct labor 200 500 Manufacturing overhead 250 625 $950 $2,025 Linton $1,000 700 875 $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. A summary of materials requisition slips and time tickets for June shows the following. Time Tickets $700 700 Customer Job Rodgers Koss Stevens Linton Rodgers Materials Requisition Slips $700 2,100 500 1,400 400 400 1,300 400 3,500 1,200 $4,700 General use 5,100 1,300 $6,400 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 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 (3) completion of jobs and sale of goods. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (1) Raw Materials Inventory 5100 Accounts Payable 5100 (To record purchase of raw materials) Factory Labor 4700 Cash 4700 (To record factory labor costs paid) Manufacturing Overhead 1200 Accumulated Depreciation Equipment 800 Accounts Payable 400 (To record manufacturing overhead costs incurred) (2) Work in Process Inventory 5100 Manufacturing Overhead 1300 Raw Materials Inventory 6400 (To record assignment of direct materials) Work in Process Inventory no te lo do T. TO, LA DE JU DA DIE 3500 Manufacturing Overhead 1200 Factory Labor 4700 (To record assignment of factory labor) Work in Process Inventory 4375 Manufacturing Overhead 4375 (To record assignment of manufacturing overhead) (3) Finished Goods Inventory 14850 Work in Process Inventory 14850 (To record completion of jobs) Cash 20800 Sales Revenue 20800 (To record sale of goods) Cost of Goods Sold 14850 Finished Goods Inventory 14850 (To record the cost of goods sold) (b) Post the entries to Work in Process Inventory. (Post the entries to Work in Process Inventory in the order presented in the problem.) Work in Process Inventory 6/1 June 6/30 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer (c) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be available when you complete the part above

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