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, 2020, the general ledger for Case Inc. contains the following data. port Raw Materials Inventory $4,500 Manufacturing Overhead Applied $35,300 Work in Process Inventory $5,800 Manufacturing Overhead incurred $34,500 rdings Subsidiary data for Work in Process Inventory on June 1 are as follows. ces Job Cost Sheets Customer Job Cost Element Rodgers Stevens Linton Direct materials $700 $700 $800 Direct labor 400 600 600 Manufacturing overhead 500 750 750 $1,600 $2,050 $2.150 Campus ation 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.

Answer 1

Debit Credit Particulars materials inventory (1) Raw $ 4700 $4900 5,000 Accounts payable [ Materials purchased on Account] Factory wages payazle 5,000 Cash [ factory wages paid in cash] Factory overhead 3900 Raw materials inventory Factory wages payable Depreciation Equipment Miscellaneous [ Record of actual factory overhead] 1300 1300 800 500 $4200 4700 3700 3700 (2) work in process inventory Raw materials inventory (Assigning direct materials to jobs] work in process inventory Factory wages payable [Assigning direct labout to jobs] work in process inventory Factory overhead [ Ansigning applied overhead to joby] 4625 a 625

(3). Total cost of each job Particulars Rodgers Stevens linton $ 1600 $2,050 $2,150 Work in process inventory as on I June 2010 costs incurred in June! Direct materials 500 1,300 1100 200+200) 400 1,200 Direct Labor 1400 [aco 4500] Applied overhead 1.750 Soo [noox1:25] 1500 [1200x7 Cinoof 25) 4150 Costs 5,850 3,450 credit Debit $15,450 sis, uso - Total Particulars Finished goods inventory Work in process inventory [Recording completion of jobs] (5,850 x 3450 +6,150] Isuso 15,450 Rochers Stevens linfon $20,000 - Cash 20.000 Sales [Recording of sale for jobs Rodgers, Stevens, Linton]

wook in process Inventory 6/1 $5,800 | Finished goods inventory $15,450 Balance - Raw materials inventory factory wages pay atte Factory overhead 4700 3900 u 625 6/30 Balance 3375 Cost of Unfinished job koss Dired materials - 1,800 Direct Labor - 700 Aplied overhead - 875 (700x1:25] 3.375 Schedule CASE INC, ed Cost of goods manufactured to Jone 4700 3700 4662) $13025 Direct materials Direct Labor factory over head Applied Total manufacturing casts Adch! work in process, June ! Total cost of work in process Less work in process, June 30 Cost of goods manufactured 5,800 18,825 3,375 15,450