Question: Problem 16-3A Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer




Problem 16-3A 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$4,662 M Work in Process Inventory 6,149 Manufacturing Overhead Incurred Subsidiary data for Work in Process Inventory on June 1 are as follows. anufacturing Overhead Applied 36,230 35,132 ob Cost Sheets Customer Job Rodgers $666 355 Stevens Linton Cost Element Direct materials Direct labor Manufacturing overhead $888 599 749 644 805 $ 2,2362,448 1,465 During June, raw materials purchased on account were $5,439, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $999 and miscellaneous costs of $444 incurred on account. A summary of materials requisition slips and time tickets for June shows the following Materials Requisition Customer Job Time SIi $944 Koss 2,220 1,443 5,439 400 1,332 433 3,997 1,332 5,329 Linton General use 1,665 $7,104 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 full. 20,979 . Each customer paid in 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. Round answers to o decimal places, e.g. 2,5oo.) No. Account Titles and Explanation Debit Credit To record purchase of raw materials) (To record factory labor costs paid) (To record manufacturing overhead costs incurred) To record assignment of direct materials) (To record assignment of factory labor) (To record assignment of manufacturing overhead) Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs. (Round answers to O decimal places, e.g. 2,500) Costs of unfinished Job Direct Materials $ + Direct Labor s +Manufacturing Overhead $ LINK TO TEXT LINK TO TEXT LINK TO TEXTLINK TO TEXT VIDEO: SIMILAR PROBLEM Prepare a cost of goods manufactured schedule for June. (Round answers to O decimal places, e.g. 2,500.) CASE INC. Cost of Goods Manufactured Schedule (To record assignment of manufacturing overhead) (To record completion of jobs) (To record sale of goods) (To record the cost of goods sold) LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM Post the entries to Work in Process Inventory. (Round answers to O decimal places, e.g. 2,500.) Work in Process Inventory June 6/30
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