Problem 15-3A (Part Level Submission) Case Inc. is a construction company specializing in custom patios....
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Accounting
Problem 15-3A (Part Level Submission)
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, 2017, the general ledger for Case Inc. contains the following data.
Raw Materials Inventory
$4,284
Manufacturing Overhead Applied
$33,293
Work in Process Inventory
$5,652
Manufacturing Overhead Incurred
$32,283
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
$612
$816
$918
Direct labor
326
551
592
Manufacturing overhead
408
689
740
$1,346
$2,056
$2,250
During June, raw materials purchased on account were $4,998, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $918 and miscellaneous costs of $408 incurred on account. A summary of materials requisition slips and time tickets for June shows the following.
Customer Job
Materials Requisition Slips
Time Tickets
Rodgers
$816
$867
Koss
2,040
816
Stevens
510
367
Linton
1,326
1,224
Rodgers
306
398
4,998
3,672
General use
1,530
1,224
$6,528
$4,896
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 $19,278. Each customer paid in full.
(b) Post the entries to Work in Process Inventory. (Round answers to O decimal places, e.g. 2,500.) Work in Process Inventory June 6/30 Click if you would like to Show Work for this question: Open Show Work
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