Question: P15.3 (LO 1, 2, 3, 4, 5), AP Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete,

P15.3 (LO 1, 2, 3, 4, 5), AP Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending on customer preference. On June 1, 2025, the general ledger for Case Inc. contains the following data. Raw Materials Inventory Work in Process Inventory $4,2001 $5,540 Subsidiary data for Work in Process Inventory on June 1 are as follows Mardacturing Overhead Applied $32,640 $31,650 Cost Element Direct materials Direct labor Manufacturing overhead Manufacturing Overhead Incurred Job Cost Sheets Customer Job Rodgers Stevens Linton $600 $800 $900 320 540 580 400 675 725 $13.520 $2.015 $2,205 During June, ww materials purchased on account were $4,900, and $4,000 of factory wages were paid. Additional overhead costs consisted of depreciation on equipment 5900 and miscellanea con of $400 ineered on account A nummary of materials requisition slipe and time tickets for June shows the following Customer Job Rodg Ko Suven Linton Rodg Geral Materials Requisition Slips 2,000 500 1,300 500 4,300 1,500 $6,800 Time Tickets $850 800 360 1,200 390 3,600 1,200 $1,300 Direct materials Cost Element Direct labor Manufacturing overhead Job Cost Sheets Customer Job Rodgers Stevens $600 $800 320 540 400 675 $1,320 $2,015 Linton $900 580 725 $2,205 During, June, raw materials purchased on account were $4,900, and $4,300 of factory wages were paid. Additional overhead costs consisted of depreciation on equipment $900 and miscellaneous costs c incurred on account, A summary of materials requisition slips and time tickets for June shows the following Customer Job Rodgers Materials Requisition Slips $800 Kon Stevens Linton 2,000 500 1,300 Rodgers General se 300 4,900 1,500 56,400 Time Tickets $850 800 360 1,200 300 3,600 1,200 $4,000 Overhead was assigned to join at the same rate of $1.25 per dollar of direct labor cost throughout the year. The patios for customers Rodgers, Stevens, and Linton were completed during June and sold for a total of $18,900. Each cumer paid in full at the time of sale Instructions Journalize the June transaction (1) purchase of saw maternals, factory labor costs incurred, and manufacturing overhead com incurred; (2) angest of direct materials, labor, and overhead production und 3) completion of jobs and sale of goods has the entries to Work in Process Inventory c. Reconcile the balance in Work in Process Investory wits the costs of unfinished jon d. Prepare a cost of god mandasured schedule for J 4. Chat of a maid $14,740. Compir pad went top selved, and salle unde liefla B 15-45 2
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
