Question: CALCULAToR TOR FULL SCREENP R VERSION BACK Problem 20-03A a-d (Video) Pharoah Inc. is a construction company specializing in custom petios. The patios are constructed
CALCULAToR TOR FULL SCREENP R VERSION BACK Problem 20-03A a-d (Video) Pharoah Inc. is a construction company specializing in custom petios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2020, the general ledger for Pharoah Inc. contains the following data. Raw Materials Inventory Work in Process Inventory $5,450 Manufacturing Overhead Incurred Subsidiary data for Work in Process Inventory on June 1 are as follows. $4,300 Manufacturing Overhead Applied $30,800 $32,800 Job Cost Sheets Customer Job Cost Element Direct materials Direct labor Manufacturing overhead Rodgers Stevens Linton $500 300 375 $1,175 $900 $900 600 750 $2,025 $2,250 500 625 During June, raw materials costs of $500 incurred on accourt. purchased on account were $5,400, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $1,000 and miscellaneous A summary of materials requisition slips and time tickets for June shows the following. Customer MateriTdant Time Tickets Job Slips $700 2,200 600 $900 700 400 Rodgers Stevens Version 4.24.1 Show all Armstrong13e M...pptx Armstrong13e M. pptxArmstrong13e M..pptWednesdayWork .docx ere to search 3/2019 PrtScn s Stevens 600 1,500 400 5,400 1,400 $6,800 400 1,200 400 3,600 1,000 $4,600 L SCREEN Linton Rodgers 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 c completed during June and sold for a total of $17,400. 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) assigrment of drect 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 (To record purchase of raw materials) To record factory labor costs paid) All Rights Reserved. A Division of Amstrong 13e M. pptx Armstrong13e M... ppte ~ cume...docx e here to search PrtScn ULL SCREEN PRINTER VERSION deo idea) (To record manufacturing overhead costs incurred) Aas by Study (To record assignment of direct materials) (To record assignment of factory labor) (To record assignment of manufacturing overhead Version 424 Armstrong13eM-ppt ^ Armstrong 13e-M.pptx Armstrong13e M.. pptx titled docume...docx t e p. 9 "@ O Type here to search Prtscn 8 6 4. ent> Open Assignment ble eTextbook PRINCIPLES OF ACCOUNT MENT RESOURCES Homework ons with Video nce (To record assignment of factory labor) (To record assignment of manufacturing overhead) deo) ew Results by Study ctive (To record completion of jobs) (To record sale of goods) (To record the cost of goods sold) in Process Inventory.(Post the entries to Work in Process Inventory in the onder presented in the prable Post the entries to Work Work in Process Inventory All Rights Reserved. A Division of ^ Armstrong13.M-ppo Armstrong13e.M.pptx ^ Untitled docume...docx O Type here to search 95 NEIPLES OF ACCOUNTING (211 / 212) NMENT RESOURCES To record the cost of goods sold) o:Homework tions with Videe Post the entries to Work in Process Inventory. (Post the entries to Work in Process Inventory in the order presented in the problem) sh.(Video) Work in Process Inventory June deo) ew Score ew Results by Study ective 6/30 Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs Manufacturing Overhead Direct Labor$ Direct Materials s Costs of unfinished Job: Prepare a cost of goods manufactured schedule for June Cost of Goods All Rights Reserved. A Division of hn il.Sos A Armstrong13e. M..ppts Untitled docume....dox O Type here to search 84 8 6 4 Downloadable eTextbook Lighment PRINCIPLES OF ACCOUNTING (2 13212) Prepare a cost or gooas manuracturea scneauie deo PHAROAH INC. Cost of Goods Ma deo) Study Click if you would like to Show Work for this question: Open Show Work SUBHET ANSWER Question Attempts:of S wsed SANE FORLA Al Rights Reserved. A Division of 2hns Armstrong 13 M ppt me...docx e to search PrtScn
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