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 $4,000 $5,125 Manufacturing Overhead Applied Manufacturing Overhead Incurred $32,400 $32,200 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Stevens Linton Rodgers $600 300 $700 Direct materials Direct labor Manufacturing overhead $900 500 500 375 625 625 $1,275 $1,825 $2,025 During June, raw materials purchased on account were $5,100, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $1,000 and miscellaneous costs of $400 incurred on account.

Answer 1

Journalize the june transactions? Answer: Credit Debit $ 5,100.00 No. Account Titles and Explanation (1) Raw material inventory a/c To Accounts payable a/c (To record purchase of raw materials) $ 5,100.00 $ 4,700.00 $ 4,700.00 Factory payroll a/c To cash a/c (To record factory labor costs paid) $ 1,400.00 Manufacturing overheads a/c To Depreciation a/c To Accounts payable a/c (To record manufacturing overhead costs incurred) $ 1,000.00 $ 400.00 $ 5,100.00 $ 1,600.00 (2) Work-in process inventory a/c Manufacturing overheads a/c To Raw material inventory a/c (To record assignment of direct materials) $ 6,700.00

$ 3,600.00 $ 1,100.00 Work-in process inventory a/c Manufacturing overheads a/c To Factory payroll a/c (To record assignment of factory labor) $ 4,700.00 $ 4,500.00 $ 4,500.00 Work-in process inventory a/c To Manufacturing overheads a/c (To record assignment of manufacturing overheads) - 3600X125% $ 14,200.00 $14,200.00 (3) Finished goods inventory a/c To Work in process inventory a/c (To record completion of jobs) (1275+1825+2025+5100-2100+3600 -900+(3600-900 X1.25)

$ 18,900.00 Cash a/c To sales a/c (To record sale of goods) $ 18,900.00 $ 14,200.00 Cost of goods sold a/c To Finished goods inventory a/c (To record the cost of goods sold) $ 14,200.00 Please give thumbsup button if this solution helped. If you need any further explanation, kindly request in the comment section, glad to be helpful.