Case Inc. is a construction company specializing in custom patios. The patios are constructed of...
70.2K
Verified Solution
Question
Accounting
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, 2017, the general ledger for Case Inc. contains the following data, $4,872 $37,862 Raw Materials Inventory Work in Process Inventory Manufacturing Overhead Applied Manufacturing Overhead Incurred $6,426 $36,714 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Rodgers Stevens Cost Element Linton Direct materials $696 $928 $1.044 Direct labor 371 626 673 Manufacturing overhead 464 783 841 $1.531 $2,337 $2.558 During June, raw materials purchased on account were $5,684 and all wages were paid. Additional overhead costs consisted of depreciation on equipment $1,044 and miscellaneous costs of $464 incurred on account. A summary of materials requisition slips and time tickets for June shows the following Customer Job Materials Requisition Slips Rodgers $928 Time Tickets $986 Koss 2.320 928 Stevens 580 418 Linton 1,508 1.392 Rodgers 348 452 5,684 4,176 General use 1.740 1,392 $7,424 $5,568 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 $21.924. Each customer paid in full Journalise the June transactions: (1) for purchase of raw materials, factory Labor costs incurred and acturing overed costs incurred: (2) assignment of direct materiais, labor and overhead to production and completion of jobs and sale of goods Credit account titles are automatically indented when amount is entered. Do notIndent manually Round answers to decimal places y 2,500 No. Account Titles and Explanation Debit Credit (1 To record purchase of raw material (To record factory labor costspaid sty a 98 11 18 - * 1 11 N 4 5 0 IN 8 9 1. W E R . Y U 1 O P S D F G H J L > B N. V M . V ? 1 36 command 46 command option Extory Labor 556 556 To record factory labor costs paid) Manufacturing Over Acted Derection AP To record manufacturing overhead costs incurred (2 220 To record assignment of direct materials otv A @9 a go 888 1: . : B N M







Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.