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 $4,400 Manufacturing Overhead Applied $31.100 Work in Process Inventory $5,550 Manufacturing Overhead Incurred $31.200 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 $800 Direct labor 400 500 Manufacturing overhead 500 625 $1,500 $1.925 Linton $1,000 500 625 $2.125 During June, raw materials purchased on account were $4.900, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $800 and miscellaneous costs of $500 incurred on account. A summary of materials requisition slips and time tickets for June shows the following Customer Job Materials Requisition Slips Time Tickets Rodgers $700 $800 Koss 2,100 700 Stevens 500 400 Linton 1.300 1,300 Rodgers 300 500 4,900 3,700 General use 1.300 1,400 $6,200 $5,100 Overhead was charged to jobs at the same rate of $1.25 per dollar of direct labor cost. The patios for customers Rodgers, Stevens and Linton were completed during June and sold for a total of $20,800. Each customer paid in full.

please show work as to how you recieved the numbers. so i can compare and contrast my work & see what i got wrong & why

Answer 1

Q1. No. Credit Debit $ 4,900 Account titles and explanation 1 Raw Materials Inventory Accounts Payable (To record purchase of raw materials) $ 4,900 $ 5,100 Factory Labor Cash (To record factory labor costs) $ 5,100 $ 1,300 800 Work in process Inventory Accumulated Depreciation- Equipment Accounts Payable (To record MOH costs incurred) AA $ $ 500 $ $ 4,900 1,300 2 Work in process Inventory Manufacturing Overhead Raw materials Inventory (To record the usage of raw materials) $ 6,200 $ $ 3,700 1,400 Work in process Inventory Manufacturing Overhead Factory Labor (To record the usage of factory labor) $ 5,100 $ 4,625 Work in process Inventory Manufacturing Overhead (To record manufacturing overhead) DLH = $3,700*$1.25 $ 4,625

$ 15,100 $ 15,100 3 Finished Goods Inventory Work in process Inventory (To record completion of job) [$5,550+2,800+3,000+(3,000*1.25) $ 20,800 Cash Sales Revenue (To record sale of goods) $ 20,800 $ 15,100 Cost of Goods Sold Finished Goods Inventory (To record cogs) $ 15,100

Q2. Q4. $15,100 May 1 Bal. May 31 May 31 May 31 May 1 Bal. Work in Process Inventory $5,550 May 31 $4,900 $3,700 $4,625 $3,675 CASE INC. Cost of Goods Manufactured Schedule For the Month Ended June 30 Work In Process, June 1 $ 5,550 Direct materials used $ 4,900 Direct Labor $ 3,700 Manufacturing OH applied $ 4,625 Total Manufacturing Cost $ 13,225 Total Cost of Work in process $ 18,775 Less: Work in process, June 30 $ 3,675 Cost of Goods Manufactured $ 15,100 Q3. Cost of Unfinished Job: KOSS; Direct Material: $2,100 Direct Labor: $700 MOH= $875 Cost of Unfinished Job:$3,675 Workings: Finished Goods Job No. Beginning Direct Direct Rodgers $1,500 [$700+300] [$800+500] Stevens $1,925 $500 $ 400 Linton $2,125 $1,300 $ 1,300 $5,550 $2,800 $3,000 Manufacturing Total [$800+500]*1.25 $0 [$400]*1.25 $ 2,825 [$1,300]*1.25 $ 4,725 $3,750 $15,100 *Manufacturing OH:-Direct Labor *$1.25

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