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 Work in Process Inventory $4,500 $5,800 Manufacturing Overhead Applied Manufacturing Overhead Incurred $35.300 $34.500 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Rodgers Stevens Direct materials $700 $700 Direct labor 400 600 Manufacturing overhead 500 750 $1,600 $2,050 Linton $800 600 750 $2,150
I have solved 95% of the problem and stuck in the blanks where I put question marks. I belive all four blanks have the same answer. its on the last part

Answer 1

CASE Credit Debit $ 4,700 Q1. No. Account titles and explanation 1 Raw Materials Inventory Accounts Payable (To record purchase of raw materials) $ 4,700 $ 5,000 Factory Labor Cash (To record factory labor costs) $ 5,000 $ 1,300 Work in process Inventory Accumulated Depreciation- Equipment Accounts Payable (To record MOH costs incurred) $ $ 800 500 $ 4,700 $ 1,300 2 Work in process Inventory Manufacturing Overhead Raw materials Inventory (To record the usage of raw materials) $ 6,000 $ 3,700 $ 1,300 Work in process Inventory Manufacturing Overhead Factory Labor (To record the usage of factory labor) $ 5,000

$ 15,450 $ 15,450 3 Finished Goods Inventory Work in process Inventory (To record completion of job) [$5,800+2,900+3,000+(3,000*1.25) $ 20,000 Cash Sales Revenue (To record sale of goods) $ 20,000 $15,450 Cost of Goods Sold Finished Goods Inventory (To record cogs) $ 15,450

Q2. $15,450 May 1 Bal. May 31 May 31 May 31 May 1 Bal. Work in Process Inventory $5,800 May 31 $4,700 $3,700 $4,625 $3,375 Q4. CASE INC. Cost of Goods Manufactured Schedule For the Month Ended June 30 Work In Process, June 1 $ 5,800 Direct materials used $ 4,700 Direct Labor $ 3,700 Manufacturing OH applied $ 4,625 Total Manufacturing Cost $ 13,025 Total Cost of Work in process $ 18,825 Less: Work in process, June 30 $ 3,375 Cost of Goods Manufactured $ 15,450 Q3. Reconcile the balance in WIP woth unfinished jobs: Cost of Unfinished Job: KOSS; Direct Material: $1,800; Direct Labor:$700; MOH=$875 Cost of Unfinished Job:$3,375 Workings: Finished Goods Job No. Rodgers Stevens Linton Beginning WIP Direct Material Direct Labor Manuf. OH Total $1,600 [$900+200] [$900+500] [$900+500]*1.25 $4,950 $2,050 $500 $ 400 [$400]*1.25 $3,550 $2,150 $1,300 $ 1,200 [$1,200] *1.25 $ 6,600 $5,800 $2,900 $3,000 $3,750 $15,450 *Manufacturing OH:-Direct Labor $1.25

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