Question: Please type clearly/explain thoroughly ort Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber,




ort 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, 2020, the general ledger for Case Inc. contains the following data. Raw Materials Inventory $4.400 Manufacturing Overhead Applied $31,100 Work in Process Inventory $5,550 Manufacturing Overhead Incurred $31,200 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Rodgers Stevens Linton Direct materials $600 $800 $1,000 Direct labor 400 500 500 Manufacturing overhead 500 625 625 $1,500 $1,925 $2,125 During June, raw materials purchased on account were $4.000, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $800 and miscellaneous costs of $500 incurred on account. A summary of materials requisition slips and time tickets for June shows the following. Customer Job Materials Requisition Slips Time Tickets Rodgers $700 $800 Koss 2,100 700 Stevens 500 400 Linton 1,300 1.300 Rodgers 300 500 4,900 3,700 General use 1,300 1,400 $6,200 $5,100 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 $20,800. 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) assignment of direct 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.) Debit Credit No. Account Titles and Explanation (1) Raw Materials Inventory Accounts Payable (To record purchase of raw materials) Factory Labor Cash (To record factory labor costs pald) Manufacturing Overhead Manufacturing Overhead Accounts Payable Accumulated Depreciation Equipment (To record manufacturing overhead costs incurred) Work In Process Inventory (2) Manufacturing Overhead Raw Materials inventory (To record assignment of direct materials) Work in Process inventory Manufacturing Overhead Manufacturing Overhead Factory Labor (To record assignment of factory labor) Work in Process Inventory (3) Manufacturing Overhead (To record assignment of manufacturing overhead) Finished Goods Inventory Manufacturing Overhead (To record completion of jobs) Cost of Goods Sold Finished Goods Inventory (To record sale of goods) Cash Cash Sales Revenue (To record the cost of goods sold) e Textbook and Media List of Accounts Post the entries to Work in Process Inventory. (Post the entries to Work in Process Inventory in the order presented in the problem.) Work in Process Inventory 6/1 Balance June Completed Work : Direct Materials Balance 4 Direct Labor Overhead Applied 6/30 Balance Balance eTextbook and Media List of Accounts Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs. Costs of unfinished Job: Direct Materials $ + Direct Labor $ e Textbook and Media List of Accounts Prepare a cost of goods manufactured schedule for June. CASE INC. Cost of Goods Manufactured Schedule For the Month Ended June 30, 2020 Work in Process, June 1 Direct Materials Used $ Direct labor Manufacturing Overhead Applied Total Manufacturing Costs Total Cost of Work in Process Less Work in Process, June 30 Cost of Goods Manufactured e eTextbook and Media List of Accounts Save for Later Last saved 1 secondago. Saved work will be auto-submitted on the due date. Attempts: 0 of 3 used Sub Arwer
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