Question

*Problem 2-3A (Video) (Part Level Submission) 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. Raw Materials Inventory Work in Process Inventory $4,200 Manufacturing Overhead Applied $5,450 Manufacturing Overhead Incurred $30,300 $30,200 Subsidiary data for Work in Process Inventory on June 1 are as follows. Cost Element Direct materials Direct labor Manufacturing overhead Job Cost Sheets Customer Job Rodgers Stevens $600 $900 400 500 500 625 $1,500 $2,025 Linton $800 500 625 51.925 During June, raw materials purchased on account were $4,800, 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. Materials Requisition - Slips Customer Job Rodgers Koss Stevens Linton Rodgers $700 1,800 600 1,400 300 4,800 1,400 $6,200 Tickets $1,000 900 300 1,200 400 3,800 1,100 54,900 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 $20,700. Each customer paid in full.

Answer 1

Journal entry

No	General Journal	Debit	Credit
1	Raw material	4800
	Account payable		4800
	(To record purchase raw material)
	Factory labor	4900
	Cash		4900
	(To record labor paid)
	Manufacturing overhead	1400
	Account payable		400
	Accumulated depreciation-equipment		1000
	(To record overhead)
2	Work in process	4800
	Manufacturing overhead	1400
	Raw material		6200
	Work in process	3800
	Manufacturing overhead	1100
	Factory labor		4900
	Work in process (3800*1.25)	4750
	Manufacturing overhead		4750
3	Finished goods	14975
	Work in process		14975
	Account receivable	20700
	Sales revenue		20700
	Cost of goods sold	14975
	Finished goods		14975