Problem 20-03A a-d (Video) Cullumber 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 Cullumber Inc. contains the following data Raw Materials Inventory Work in Process Inventory $4,500 $5,800 Manufacturing Overhead Applied Manufacturing Overhead Incurred $35,300 $34,500 Subsidiary data for Work in Process Inventory on June 1 are as follows Customer Job Stevens Linton Cost Element Direct materials Direct labor Manufacturing overhead Rodgers $700 400 500 $1,600 $800 600 750 2,050 $2,150 $700 600 750 During June, raw materials purchased on account were $4,700, 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 Materials Requisition Slips Time TicketsS Customer Job Rodgers Koss Stevens Linton Rodgers $900 1,800 500 1,300 200 4,700 1,300 $6,000 $900 700 400 1,200 500 3,700 1,300 $5,000 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 $20,000. 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.) 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) (To record completion of jobs) (To record sale of goods) (To record the cost of 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 June 6/30 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT 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 List Of Accounts Problem 20-03A a-d (Video) Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Cash Cost of Completed Service Contracts Cost of Goods Sold Depreciation Expense Employer Fringe Benefits Payable Employer Payroll Taxes Payable Factory Labor Factory Wages Payable Finished Goods Inventory Manufacturing Overhead Operating Overhead Prepaid Property Taxes Raw Materials Inventory Salaries and Wages Payable Sales Revenue Service Contracts in Process Service Salaries and Wages Supplies Utilities Payable Work in Process Inventory