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. Raw Materials Inventory 4,600 Manufacturing Overhead Applied $35,500 Work in Process Inventory $5,900 Manufacturing Overhead Incurred $30,000 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Direct materials Direct labor Rodgers Stevens Linton $600 $700 $1,000 300 600700 Manufacturing overhead375 750875 $1,275 $2,050 $2,575

Answer 1

No	Account titles and Explanation				Debit	Credit
1	Raw materials inventory				4,900
	Accounts payable					4,900
	Factory wages				4,600
	cash					4,600
	manufacturing overhead				1,400
	Accumulated depreciation					1000
	Accounts payable					400
2)	Work in process inventory				4,900
	manufacturing overhead				1,400
	Raw materials inventory					6,300
	work in process invenory				3,200
	manufacturing overhead				1,400
	Factory wages					4,600
	work in process inventory				4000
	manufacturing overhead					4,000
3)	finished goods				14,425
	work in process					14,425
	Accounts receivable				19,800
	sale					19,800
	cost of goods sold				14,425
	finished goods inventory					14,425
		Work in process inventory
	1-Jun	opening	5,900	june	finished	14,425
		DM	4,900
		DL	3,200
		OH applied	4,000
	30-Jun		3,575
cost of unfinished jobs		koss	direct mat	2,000	direct lab	700	moh	875	=	3,575
		Cost of goods manufactured Schedule
	Beginning work in process					5,900
	direct materials				4,900
	direct labor				3,200
	overhead applied				4,000
	total manufacturing costs					12,100
	total manufacturing costs & opening WIP					18,000
	less:ending work in process inventor					3,575
	cost of goods manufactured					14,425