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With given info pls do requirements Steinbom Homes manufactures prefabricated chalets in Colorado. The company uses a perpetual inventory system and a job cost system

image text in transcribedWith given info pls do requirements

Steinbom Homes manufactures prefabricated chalets in Colorado. The company uses a perpetual inventory system and a job cost system in which each chalet is a job. The following events occurred during May: (Click the loon to view the events.) - X Read the requirements. More info Requirements Requirement 1. Record the events in the genel Start with the entry from event (a). Purchased 1. Record the preceding events in the general journal. 2. Post the appropriate entries to the T-accounts, identifying each entry by letter. Determine the ending account balances, assuming that the beginning balances were zero. 3. Summarize the job costs of the unfinished chalet and show that this equals the ending balance in Work in Process Inventory 4. Summarize the job cost of the completed chalet that has not yet been sold and show that this equals the ending balance in Finished Goods Inventory 5. Compute the gross profit on each chalet that was sold. What costs must the gross profit cover for Steinbom Homes? Journa Date Accounts a. Purchased materials on account, S470,000. b. Incurred total manufacturing wages of $113,000, which included both direct labor and indirect labor. Used direct labor in manufacturing as follows: Direct Labor Chalet 13..... $ 14,300 Chalet 14 $ 28,500 Chalet 15 $ 19.100 Chalet 16.-.. $ 21,000 c. Requisitioned direct materials in manufacturing as follows: Direct Materials Chalet 13 S 41,300 Chalet 14 S 56.000 Chalet 15............$ S 62.600 Chalet 16...........S 66,200 d. Depreciation of manufacturing equipment used on different chalets, 56,200. e. Other overhead costs incurred on Chalets 13-16: Equipment rentals paid in cash ..... S 10,000 Prepaid plant insurance expired ....S 6,000 f. Allocated overhead to jobs at the predetermined rate of 60% of direct labor cost. g. Chalets completed: 13, 15, and 16. h. Chalets sold on account: 13 for $98,000 and 16 for $142.000. Print Done

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