Case Inc. is a construction company specializing in custom patios. The patios are constructed of...
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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 $3,800 Manufacturing Overhead Applied 35,800 Work in Process Inventory $4,800 Manufacturing Overhead Incurred 29,800 Subsidiary data for Work in Process Inventory on June 1 are as follows. 0 Customer Job Cost Element Direct materials Direct labor Manufacturing overhead Rodgers Stevens Linton $500 $800 $800 500 625 $950 $1,925 $1,925 200 500 250 625 During June, raw materials purchased on account were $4,700, and all wages were paid. Additional overhead 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 shows the following. Customer Job Rodgers Koss Stevens Linton Rodgers Materials Requisition Slips $800 2,000 400 1,200 300 4,700 1,300 $6,000 Time Tickets $ 800 800 300 1,200 400 3,500 1,100 4,600 General use 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 $19,900. Each customer paid in full. Journalize the June transactions: (1) for purchase of raw materials, factory labor costs incurred, and manufacturing overhead costs incurred; (2) assignment of direct materials, labor, and overhead to production; and (3) completion of jobs and sale of goods. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (To record purchase of raw materials) (To record factory labor costs paid) (To record manufacturing overhead costs incurred) To record assignment of direct materials) To record assignment of factory labor) To record assignment of manufacturing overhead (To record completion of jobs) (To record sale of goods) To record the cost of goods sold) Post the entries to Work in Process Inventory. (Post the entries to Work in Process Inventory in the order presented in the problem.) Work in Process Inventory June 6/30 eTextbook and Media Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs. Costs of unfinished Job: # Direct Materials$ +Direct Labor$ +Manufactu eTextbook and Media Prepare a cost of goods manufactured schedule for June. CASE INC. Cost of Goods Manufactured Schedule eTextbook and Media
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