Blossom Inc. is a construction company specializing in custom patios. The patios are conste concrete, brick, fiberglass, and lumber, depending on customer preference. On June 1, 202 general ledger for Blossom Inc. contains the following data. Raw Materials Inventory S4,100 Manufacturing Overhead Applied $31, Work in Process Inventory S5,250 Manufacturing Overhead Incurred S28, 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 S600 S700 $800 Direct labor 300 600 500 Manufacturing overhead 375 750 625 S1,275 $2,050 S1,925 uring June, raw materials purchased on account were $5,000, and $4,700 of factory wages were aid. Additional overhead costs consisted of depreciation on equipment $800 and miscellaneous sts of $400 incurred on account.
Blossom Inc. is a construction company specializing in custom patios. The patios are conste concrete, brick, fiberglass, and lumber, depending on customer preference. On June 1, 202 general ledger for Blossom Inc. contains the following data. Raw Materials Inventory S4,100 Manufacturing Overhead Applied $31, Work in Process Inventory S5,250 Manufacturing Overhead Incurred S28, 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 S600 S700 $800 Direct labor 300 600 500 Manufacturing overhead 375 750 625 S1,275 $2,050 S1,925 uring June, raw materials purchased on account were $5,000, and $4,700 of factory wages were aid. Additional overhead costs consisted of depreciation on equipment $800 and miscellaneous sts of $400 incurred on account.
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter2: Accounting For Materials
Section: Chapter Questions
Problem 17E: Davis Co. uses backflush costing to account for its manufacturing costs. The trigger points are the...
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