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XL P15-3A Prepare entries for a job order cost system and cost of goods manufactured schedule Case Inc. is a construction company specializing in custom

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XL P15-3A Prepare entries for a job order cost system and cost of goods manufactured schedule Case 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 Case Inc. contains the following data. Raw Materials Inventory Work in Process Inventory $4,200 $5,540 Manufacturing Overhead Applied $32,640 Manufacturing Overhead Incurred $31,650 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Rodgers Stevens $600 $800 320 540 400 675 $1,320 $2,015 Cost Element Direct materials Direct labor Manufacturing overhead Linton $900 580 725 $2.205 During June, raw materials purchased on account were $4.900, and all wages were paid. Additional loverhead costs consisted of depreciation on equipment $900 and miscellaneous costs of $400 incurred on account. A summary of materials requisition slips and time tickets for June show the following. Materials Customer Requisition Time tickets Job slips $850 Rodgers 2000 800 Koss 500 360 Stevens 1300 1,200 Linton 390 Rodgers 4900 3,600 General use 1,200 1500 $800 300 $6,400 $4,800 Overhead was charged to jobs at the same rate of $1.25 per dollar of direct labor cost. The patios for stomers Rodgers, Stevens, and Linton were completed during June and sold for a total of $18.900 Each customer paid in full. Instructions 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. (b) Post the entries to Work in Process Inventory. (c) Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs. (d) Prepare a cost of goods manufactured schedule for June. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "2" (a)(1) Journalize the June transactions for purchase of raw materials, factory labor costs incurred. and manufacturing overhead costs incurred Account Value Value Account Value Account Value Account Value Account Account Account Value Value (aX2) Journalize the June transactions for assignment of direct materials, labor, and overhead to production Extra Credit Account Account Value Value Account Value Account Account Value Value Account Value Account Value Account Value (a)(3) Journalize the June transactions for completion of jobs and sale of goods. Account Value Account Value Account Value Account Value Ant Account Value Account Value (b) Post the entries to Work in Process Inventory. 6/1 Balance Direct Materials Work in Process Inventory Value June Completed work Value V alue Value Direct labor Overhead applied Value 6/30 Balance - ? (c) Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs. Value 6/30 balance in Work in Process Inventory Unfinished Job (Koss) Direct materials Direct labor Manufacturing overhead Value Value Value (d) Prepare a cost of goods manufactured schedule for June CASE INC Cost of Goods Manufactured Schedule For the Month Ended June 30, 2020 Value Value Value Work in process, June 1 Direct materials used Direct labor Manufacturing overhead applied Total manufacturing costs Total cost of work in process Less: Work in process, June 30 Cost of goods manufactured Extra Credit completed P15-3A, consider the following additional question. that indirect labor and raw materials purchases changed to $1,400 and $6,800 respective aceume that overhead is applied at the rate of $1.50 per dollar of direct labor The the completed lobs were sold for $22,000 cash. Revise the journal entries to reflect these changed ou have completed P1 Assume that indire

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