Problem 20-03A a-d (Video) Cullumber Inc. is a construction company specializing in custom patios. The patias are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2020, the general ledger for Cullumber Inc. contains the following data. Raw Materials Inventory Work in Process Inventory $4,600 55,900 Manufacturing Overhead Applied Manufacturing Overhead Inourred $35,500 $30,000 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Direct materials Direct labor Manufacturing overhead Rodgers Stevens Linton $600 300 375 $1,275 $700$1,000 700 875 2,050 $2,575 750 During June, raw materials purchased on account were $4,900, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $1,000 and miscellaneous costs of $400 incurred on account. A summary of materials requisition slips and time tickets for June shows the following. Customer Job Materials Requisition Slips Time Tickets 5800 2,000 400 1,300 400 4,900 1,400 $6,300 $800 70D 300 1,100 300 3,200 1,400 54 500 Koss Stevens General use 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$19,800. Each customer pald in full Journalize the June transactions: 1) for purchase of raw materials, factory labor costs incurred, and manufacturing overhead costs incurred; 2) assignment of direct materials, labor and overhead to production; and 3 co pletion of jobs and sale of goods. (Credit account tities are automatically indented when amount is entered. Do not indent manually.) Journal ize the June transactions: 1) for purchase of raw materials, factory labor costs incurred, and manufacturing overhead costs incurred; (2) assignment of direct materials, labor, and overhead to production; and (3) completlon of jobs and sale of goods. (Credit account title are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (To record purchase of raw materials) ( record factory labor costs paid) To record manufacturing overhead costs incurred) To record assignment of direct materials) To record assignment of factory labor) To record assignment of manufacturing overhead) To record completion of jobs) (To record completion of jobs) (To record sale of goods) (To record the cost or goods sold) Post the entries to Work in Process Inventory. (Post the entries to Work in Process Inventory in the order presented in the problem) Work in Process Inventory une 6/30 Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs. Costs of unfinished Job Prepare a cost of goods manufactured schedule for June. Direct Materials$ + Direct Labor $ +Manufactuing Overhead $ CULLUMBER INC. Cost of Goods Manufactured Schedule 6/30 Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs Costs of unfinished Job: Direct Materials Direct Labor $ + Manufacturing Overhead $ Prepare a cost of goods manufactured schedule for June. CULLUMBER INC. Cost of Goods Manufactured Schedule question Attempts: Unlimited