Question: L CALCULATOR PRINTER VERSION RACK Problem 15-3A (Part Level Submission) Case Inc. is a canstruction company specializing in custam patias. The patios are construeted of




L CALCULATOR PRINTER VERSION RACK Problem 15-3A (Part Level Submission) Case Inc. is a canstruction company specializing in custam patias. The patios are construeted of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2017, the generel lan) it, Review 15 3 ledger for Case Inc. contains the following data Raw Materials Inventory Work in Process inventory 6,432 Manufacturing Overhead Incurred 37,031 Subsidiary dats for Wark in Process Inventory an June 1 are as follows. $4,914 Manufacturing Overhead Applied $38,139 (Part Level Submission) owr Sihmissian) Job Cost Sheets Customer Job RodgersStevens Linton Cost Element DIrect materlals $702 374 458 S1,544 Review Score 5936 632 790 S2,350 $1,053 679 848 $2,580 Review Resulits by Stud Direct labar Menufecturing averhead During June, raw materlals purchased on account were $5,733, and all wages were pald. Additional overhead costs consisted of depreclation on equipment 51,053 and miscellaneous costs of $468 Incurred on account. A summary of materials requlsition sl ps and time tickets for June shows the following. Materials Requisition Customer Tickets Job Sii Rodgers Kass Stevens Linton Radgars 5936 2,340 585 1,521 351 S,733 1,755 $7,488 $995 936 421 1,404 456 4,212 1,404 $5,616 Overhead was charged to jobs at the same rate of $1.25 per dollar of direct labor cost. The patlos for customers Rodgers, Stevens, and Linton were completed during June and sold for a total of $22,113. Each customer pald In full. ATOR PRINTLR Vu BACK SP19 CH15 HOMEWORKYour answer ls partially correct. Try agaln. v5hnission) 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 , n lt! Review 15-5 production; and (3) completion of jobs and sale of goods. (Credit account titles are automatically Indented when amount Is entered. Do not Indent manually, Round answers to 0 decimal avel Subnnission) (Part Level places, e.g. 2,500.) No. Account Titles and Explanation 1) Raw Materials Inventory Debit Credit 5733 Level Submission) Accounts Payable 5733 rohlem 1 evel Submission (To record purchase of raw materials) Factory Labor 5616 Review Results by Stuudy Qbiective Cash 5616 (To record factory labor costs pald Ovarhead Depreclation-Equipment s Payable To record manufcturing avarhead costs incurrad) 2) Work in Process Inventory Overhead Raw Maberials Inventory To record assignment of direct materials) in Process Inventory Overhead CALOULATOR BACK To record factory labor costs paid) Manufacturing Overnead Hart il hmission) Accumulated quipment Hart iel Suhmisnion) Accounts Payable To record manufacturing overhead costs incured) (2) Work In Process Inventory oblurn 15-3A (Parl Review Score Review Results by Study Raw Materials Inventory To record assignment of direct materials) Work in Process Inventory Overhead Factory Labor To record assignment of factary lebor) Work In Process Inventory To record assignment of manufacturing overhead) (3) Finished Goods Inventory Work in Process Inventory To record completian af jobs) ASSIGNMENT RESOURCES To record assignment of direct materlals) Work in Process Inventory El Exercise 15 9 art Fectory Labor Level Subnnissian) To record assignment f factory labor) rabern 15- In Process Inventory Review Score Review Results by Study To record assignment o manufacturing overhead) (3) Finishad Gaads Inventory k In Process Inventory To record completion of jobs) Accounts Recelvable Sales Revenue (To record sele of gaads) Cost of Goods Sold inishad Gaads Inventory (To record the cost of goods sald) Click if you would like to Show Work for this question: Open Show Work
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