There is no single question, but there is two question provided. Both questions have different information (different job names) and different company name that proves that both questions are different.
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Raw material Inventory | |||
Transaction | Debit | Transaction | Credit |
Beg. Bal (8335+18150-18225) | 8,260 | Requisitions | 18,150 |
Purchases | 18,225 | ||
End. Bal | $ 8,335 | ||
Work in Progress Inventory | |||
Transaction | Debit | Credit | |
Beg. Bal ( | 39,775 | Job completed | 57,125 |
Direct materials (18150-3300 indirect labor) | 14,850 | ||
Direct labor | 8,900 | ||
Overhead (8900*75%) | 6,675 | ||
End. Bal | $ 13,075 | ||
Finished Goods Inventory | |||
Transaction | Debit | Credit | |
Beg. Bal (Job cost of 153) | 5,400 | Cost of goods sold (5400+57125-4300) | 58,225 |
Job completed | 57,125 | ||
End. Bal | $ 4,300 | ||
Factory labor | |||
Transaction | Debit | Credit | |
Factory wages | 12,225 | Wages assigned | 12,225 |
Manufacture Overhead | |||
Transaction | Debit | Credit | |
Beg. Bal | Overhead applied | 6,675 | |
Indirect materials | 3,300 | ||
Indirect labor (12225-8900) | 3,325 | ||
Other overhead | 1,545 | ||
End. Bal | $ 1,495 | ||
Under applied overhead | $ 1,495 | - |
Direct materials | 9,850 |
Direct labor | 17,100 |
Overhead (17100*75%) | 12,825 |
Beginning Work in Progress Inventory | 39,775 |
Direct materials | 4,500 |
Direct labor | 4,900 |
Overhead (4900*75%) | 3,675 |
Ending Work in Progress Inventory | 13,075 |
Beginning Work in Progress Inventory | 39,775 |
Direct materials (18150-3300 indirect labor) | 14,850 |
Direct labor | 8,900 |
Overhead (8900*75%) | 6,675 |
Total cost accounted for | 70,200 |
Less: Ending Work in Progress Inventory | 13,075 |
Job completed | 57,125 |
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please assist with what i have incorrect in red. zoom in of needed thanks 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 $4,000 Manufacturing Overhead Applied $31,900 Work in Process Inventory $5,550 Manufacturing Overhead Incurred $32,700 Subsidiary data for Work in Process Inventory on June 1 are...
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 4,000 Manufacturing Overhead Applied $32,400 Work in Process Inventory $5,125 Manufacturing Overhead Incurred $32,200 Subsidiary data for Work in Process Inventory on June 1 are as follows. Customer Job Cost Element Direct materials Direct labor Manufacturing overhead Rodgers Stevens Linton...
Please help me answer this. Not sure if any of the blanks are right 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 $4.400 Manufacturing Overhead Applied $31,800 $5,450 Manufacturing Overhead Incurred $30,200 Subsidiary data for Work in Process Inventory on June 1 are as...
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. $4,600 Manufacturing Overhead Applied $35,000 Work in Process Inventory $5,425 Manufacturing Overhead Incurred $29,800 Raw Materials Inventory Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Rodgers Stevens Linton $700 Direct...
What is the Finished Goods Inventory? I can't find any reasonable explanation of how to get it. Problem 15-03A a-d (Video) (Part Level Submission) Oriole 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 Oriole Inc. contains the following data. Raw Materials Inventory Work in Process Inventory $4,500 $5,775 Manufacturing Overhead Applied Manufacturing Overhead Incurred $33,900 $32,400 Subsidiary...
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 $4,746 Manufacturing Overhead Applied $36,883 Work in Process Inventory $6,260 Manufacturing Overhead Incurred $35,765 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Rodgers Stevens Linton Direct materials...
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 $4,100 Manufacturing Overhead Applied $34,600 Work in Process Inventory $5,900 Manufacturing Overhead Incurred $29,300 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Rodgers Stevens Linton Direct materials...
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 $4,100 Manufacturing Overhead Applied $34,600 Work in Process Inventory $5,900 Manufacturing Overhead Incurred $29,300 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Rodgers Stevens Linton Direct materials...
What is the correct finished goods inventory and cost of goods sold when the jobs are completed? 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 4,494 Manufacturing Overhead Applied $34,925 Work in Process Inventory $5,928 Manufacturing Overhead Incurred $33,866 Subsidiary data for Work in Process Inventory on...
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 $4,100 Manufacturing Overhead Applied $34,600 Work in Process Inventory $5,900 Manufacturing Overhead Incurred $29,300 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Rodgers Stevens Linton Direct materials...