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 $3,900 $5,975 Manufacturing Overhead Applied Manufacturing Overhead Incurred $35,600 $29,400 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 $700 $900 300 500 375 625 $1,375 $2,025 Linton $1,000 700 875 $2,575 During June, raw materials purchased on account were $4,600, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $800 and miscellaneous costs of $400 incurred on account.

Answer 1

Debir Credit $4,600 Account Titles Raw materials Inventory Accounts payable Go recood purchase of raw materials] $4,600 $4,900 Factory labor $4,900 cash [To Decord factory labor Corts paid] Manufacturing overhead Accumulated depreciation - Equipment Accounts payable $1,200 $800 $400 $12,925 $4,600 $3,700 $4.625 2. work-in-process Inventory Raw materials Juventory Factory labor Manufacturing overhead [13700 x 1.25 ] [To record of assign direct materials, labor and overhead to production]

3. Total cost of completed Jobs: Particulars Rodgers Stevens Lindor $1,325 $2025 Beginning wolk-in-procees $2,175 Invertoly $500 $ 1.300 $1.000 (200+300) 400 $1,300 Costs incurred in June: Direct materials Direct labor Overhead applied $ 1,300 (900+400) $1,625 (150071-25) 500 (cook1-25) $1,625 (13008 1.25) $5.300 $3,425 $6,800 Total costs Credit Debit $15,525 - $15,525 Finished goals suventory wook in process Suventory [to record completion of Jobs] $18,500 - $18,500 Cash sales to record sale o Jobs ]