Question: Need help with this question! Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber,

Need help with this question!

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 $4,242 Manufacturing Overhead Applied $32,966

Work in Process Inventory $5,595 Manufacturing Overhead Incurred $31,967

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

Need help with this question! Case Inc. is a construction company specializing

During June, raw materials purchased on account were $4,949, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $909 and miscellaneous costs of $404 incurred on account.

A summary of materials requisition slips and time tickets for June shows the following.

in custom patios. The patios are constructed of concrete, brick, fiberglass, and

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 $19,089. Each customer paid in full.

lumber, depending upon customer preference. On June 1, 2017, the general ledger

Job Cost Sheets Customer Job Cost Element Direct materials Direct labor Manufacturing overhead Rodgers Stevens Linton 323 404 $1,333 $808 545 682 $2,035 $909 586 732 $2,227 Materials Requisition Slips Time Tickets Customer Job Rodgers Koss Stevens Linton Rodgers $808 2,020 505 1,313 303 4,949 1,515 $6,464 $859 808 364 1,212 394 3,637 1,212 $4,849 General use (3) Finished Goods Inventory Work in Process Inventory (To record completion of jobs) Cash Sales Revenue (To record sale of goods) Cost of Goods Sold Finished Goods Inventory (To record the cost of goods sold)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!