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 4,000 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 $600 $700 $900 500 625 $1,275 $1,825 $2,025 500 625 300 375 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. A summary of materials requisition slips and time tickets for June shows the following. Customer Job Rodgers Koss Stevens Linton Rodgers Materials Requisition Slips $800 2,100 600 1,300 300 5,100 1,600 Time Tickets $900 900 300 1,100 400 3,600 1,100 General use

Answer 1

1)

		Debit	Credit
1	Raw Materials Inventory	$    5,100.00
	Accounts Payable		$    5,100.00
	Factory Labor	$    4,700.00
	Cash		$    4,700.00
	Manufacturing Overhead	$    1,500.00
	Accumulated Depreciation—Equipment		$    1,100.00
	Accounts Payable		$        400.00
2	Work in Process Inventory	$    5,100.00
	Manufacturing Overhead	$    1,600.00
	Raw Materials Inventory		$    6,700.00
	Work in Process Inventory	$    3,600.00
	Manufacturing Overhead	$    1,100.00
	Factory Labor		$    4,700.00
	Work in Process Inventory	$    4,500.00
	Manufacturing Overhead		$    4,500.00
3	Finished Goods Inventory	$ 14,200.00
	Work in Process Inventory		$ 14,200.00
	Cash	$ 18,900.00
	Sales		$ 18,900.00
	Cost of Goods Sold	$ 14,200.00
	Finished Goods Inventory		$ 14,200.00

Working Note-

	Rodgers	Stevens	Linton	Total
Direct Material	$ 1,700.00	$ 1,300.00	$ 2,200.00	$    5,200.00
Direct Labor	$ 1,600.00	$     800.00	$ 1,600.00	$    4,000.00
Overhead	$ 2,000.00	$ 1,000.00	$ 2,000.00	$    5,000.00
Total	$ 5,300.00	$ 3,100.00	$ 5,800.00	$ 14,200.00

2)

Work in Process Inventory
06-Jan	Balance	$ 5,125.00	June	Completed work	$ 14,200.00
	Direct Material	$ 5,100.00
	Direct Labor	$ 3,600.00
	Overhead Applied	$ 4,500.00
Jun-30	Balance	$ 4,125.00

3) Work in Process Inventory ..................................................4,125

Job: Koss (Direct materials $2,100 + Direct labor $900 +........................4,125

                        Manufacturing overhead $1,125)

4)

Case Inc
Cost of goods manufactured Schedule
For the Month Ended June 30, 2020
Work in process, June 1		$    5,125.00
Direct materials used	$ 5,100.00
Direct labor	$ 3,600.00
Manufacturing overhead applied	$ 4,500.00
Total manufacturing costs		$ 13,200.00
Total cost of work in process		$ 18,325.00
Less: Work in process, June 30		$    4,125.00
Cost of goods manufactured		$ 14,200.00