Reference no: EM132649851
Case Inc. is a construction company specializing in custom patios The patios are constructed of concrete, brick, ?berglass, and lumber, depending upon customer preference. On June 1, 2020, the general ledger for Case Inc. contains the following data. Raw Materials Inventory $4,500 Manufacturing Overhead Applied $35,300 Work in Process Inventory $5,800 Manufacturing Overhead Incurred $34,500 Subsidiary data for Work in Process Inventory on June 1 are as follows.
Job Cost Sheets Customer Job Cost Element Rodgers Stevens Linton
Direct materials $700 $700 $800
Direct labor 400 600 600
Manufacturing overhead 500 750 750 $1,600 $2,050 $2,150
During June, raw materials purchased on account were $4,700, 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 $900 $900 Koss 1,800 700 Stevens 500 400 Linton 1,300 1,200 Rodgers 200 500 4,700 3,700 General use 1,300 1,300 $6,000 $5,000 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 $20,000. Each customer paid in full.
Question a: Journalize the June transactions: (1) for purchase of raw materials, factory labor costs incurred, and manufacturing overhead costs incurred; (2) assignment of direct materials, labor, and overhead to production; and (3) completion ofjobs and sale of goods.
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