Poawit Ltd. 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 Poawit Ltd. contains the following data. 

Raw Materials Inventory     ¥42,000           Manufacturing Overhead Applied      ¥326,400

Work in Process Inventory    ¥55,400       Manufacturing Overhead Incurred      ¥316,500
Subsidiary data for Work in Process Inventory on June 1 are as follows.

During June, raw materials purchased on account were ¥49,000, and all wages were paid. Additional overhead costs consisted of depreciation on equipment ¥9,000 and miscellaneous costs of ¥4,000 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 yuan of direct labor cost. The patios for customers Yang, Shin, and Li were completed during June and sold for a total of ¥189,000. Each customer paid in full.

Instructions

a. 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.

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Job Cost Sheets Customer Job Cost Element Yang ¥ 6,000 Shin Li Direct materials ¥ 8,000 ¥ 9,000 Direct labor 5,400 5,800 3,200 4,000 ¥13,200 Manufacturing overhead 7,250 6,750 ¥20,150 ¥22,050 Customer Job Materials Requisition Slips Time Tickets Yang ¥ 8,000 ¥ 8,500 8,000 3,600 Chen 20,000 5,000 Shin Li 13,000 12,000 Yang 3,000 3,900 49,000 36,000 General use 15,000 12,000 ¥64,000 ¥48,000