Stellar 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, 2014, the general ledger for Stellar Inc. contains the following data.

Subsidiary data for Work in Process Inventory on June 1 are as follows.

During June, raw materials purchased on account were $7,840, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $1,120 and miscellaneous costs of $640 incurred on account.
A summary of materials requisition slips and time tickets for June shows the following.

Overhead was charged to jobs at the same rate of $1.25 per dollar of direct labor cost. The patios for customers Gannon, Rosenthal, and Linton were completed during June and sold for a total of $30,240. Each customer paid in full.
Journalize the June transactions: (i) for purchase of raw materials, factory labor costs incurred, and manufacturing overhead costs incurred; (ii) assignment of direct materials, labor, and overhead to production; and (iii) completion of jobs and sale of goods.
Prepare a cost of goods manufactured schedule for June.

Transcribed Image Text:

$52,224 Raw Materials Inventory $6,720Manufacturing Overhead Applied Work in Process Inventory $8,864Manufacturing Overhead Incurred Job Cost Sheets Customer Job Cost Element Direct materials Direct labor Manufacturing overhead Gannon RosenthalLInton S960 512 $1,280 864 1,080 $1,440 928 1,160 $2,112 S3,224 Customer Job Materlals Time Tickets Requisltlon Sllps $1,280 $720 Koss As Linton 800 2,080 480 576 1,920 624 5,120 1,920 $7,040 General use 2,400 $10,240