Question

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 Work in Process Inventory5,652 Manufacturing Overhead Incurred $33,293 32,283 $4,284 Manufacturing Overhead Applied Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Cost Elemen Direct materials Direct labor Manufacturing overhead $ 816 551 689 1,346 OFS 612 326 408 $ 918 592 740 During June, raw materials purchased on account were $ 4,998 , and all wages were paid. Additional overhead costs consisted of depreciation on equipment 918 and miscellaneous costs of $ 408 incurred on account. A summary of materials requisition slips and time tickets for June shows the following

Answer 1

Part 1

No.	Account titles and explanation	Debit	Credit
1.	Raw Materials Inventory	4998
	Accounts Payable		4998
	(to record purchase of raw materials)
	Factory Labor	4896
	Cash		4896
	(to record labor costs paid)
	Manufacturing Overhead	1326
	Accumulated Depreciation—Equipment		918
	Accounts Payable		408
	(to record manufacturing overhead costs incurred)
2.	Work in Process Inventory	4998
	Manufacturing Overhead	1530
	Raw Materials Inventory		6528
	(to record assignments of direct materials)
	Work in Process Inventory	3672
	Manufacturing Overhead	1224
	Factory Labor		4896
	(to record assignment of factory labor)
	Work in Process Inventory (3672*1.25)	4590
	Manufacturing Overhead		4590
	(to record assignment of manufacturing overhead)
3.	Finished Goods Inventory	15035
	Work in Process Inventory		15035
	(to record completion of jobs)
	Cash	19278
	Sales		19278
	(to record sale of goods)
	Cost of Goods Sold	15035
	Finished Goods Inventory		15035
	(to record the cost of goods sold)

Job	Direct Materials	Direct Labor	Manufacturing Overhead (125%* direct labor)	Total Costs
Rodgers	1734 (612+816+306)	1591 (326+867+398)	1988.75	5313.75
Stevens	1326 (816+510)	918 (551+367)	1147.5	3391.5
Linton	2244 (918+1326)	1816 (592+1224)	2270	6330
				15035.25

Part 2

Work in Process Inventory

6/1	Balance	5652	June	Completed work	15035
	Direct materials	4998
	Direct labor	3672
	Overhead applied	4590
6/30	Balance	3877

Part 3

Cost of unfinished jobs: Koss Direct materials $2,040 + Direct labor $816 +

                      Manufacturing overhead $1,020 (816*1.25)

Part 4

CASE INC.

                                                   Cost of Goods Manufactured Schedule

                                                      For the Month Ended June 30, 2017

Work in process, June 1		5652
Direct materials used	4998
Direct labor	3672
Manufacturing overhead applied	4590
Total manufacturing costs		13260
Total cost of work in process		18912
Less: Work in process, June 30		3877
Cost of goods manufactured		15035