Question

Current Attempt in Progress 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 $35 400 Work in Process Inventory $5.350 Manufacturing Overhead Incurred $32,100 Subsidiary data for Work In Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Rodgers Stevens Direct materials $600 $700 Direct labor 300 500 Manufacturing overhead 375 625 $1.275 $1,825 Linton $900 600 750 $2.250 During June raw materials purchased on account were $4,700, and all wages were paid. Additionat overhead costs consisted of depreciation on equipment $1.000 and miscellaneous costs of $400 Incurred on account.

Answer 1

Sl No.	Account titles			Debit	Credit
1	Raw materials inventory			4700
	Accounts payable				4700
	(To record purchase of raw materials)
	Salaries and Wages expense			4700
	Cash				4700
	(To record factory labor costs paid)
	Manufacturing overhead			1400
	Accumulated depreciation				1000
	Other costs				400
	(To record manufacturing overhead costs incurred)
2	Work-in-process inventory			4700
	Manufacturing overhead			1400
	Raw materials inventory				6100
	(To record assignment of direct materials)
	Work-in-process inventory			3700
	Manufacturing overhead			1000
	Salaries and Wages expense				4700
	(To record assignment of factory labor)
	Work-in-process inventory			4625
	Manufacturing overhead		(3700*1.25)		4625
	(To record assignment of manufacturing overhead)
3	Finished goods inventory (Note:1)			14550
	Work-in-process inventory				14550
	(To record completion of jobs)
	Accounts receivable			20600
	Sales				20600
	(To record sale of goods)
	Cost of goods sold			14550
	Finished goods inventory				14550
	(To record the cost of goods sold)

Note:1- Computation of cost of completed jobs
Completed jobs are Rodgers,Steven and Linton
				Rodgers	Steven	Linton
Beginning balance				1275	1825	2250
Add:
Direct material				1200	400	1300
				(800+400)
Direct labor				1200	300	1300
				(800+400)
Manufacturing overhead (1.25*Direct labor cost)				1500	375	1625
Total				5175	2900	6475
						14550