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. Raw Materials Inventory $5,082 Manufacturing Overhead Applied $39,494 Work in Process Inventory $6,703 Manufacturing Overhead Incurred $38,297 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 $726 $968 $1,089 Direct labor 387 653 702 Manufacturing overhead 484 817 877 $1,597 $2,438 $2,668 During June, raw materials purchased on account were $5,929, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $1,089 and miscellaneous costs of $484 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 $968 $1,029 Koss 2,420 968 Stevens 605 436 Linton 1,573 1,452 Rodgers 363 472 5,929 4,357 General use 1,815 1,452 $7,744 $5,809 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 $22,869. Each customer paid in full. 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 of jobs and sale of goods. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 2,500.)
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. Raw Materials Inventory $5,082 Manufacturing Overhead Applied $39,494 Work in Process Inventory $6,703 Manufacturing Overhead Incurred $38,297 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 $726 $968 $1,089 Direct labor 387 653 702 Manufacturing overhead 484 817 877 $1,597 $2,438 $2,668 During June, raw materials purchased on account were $5,929, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $1,089 and miscellaneous costs of $484 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 $968 $1,029 Koss 2,420 968 Stevens 605 436 Linton 1,573 1,452 Rodgers 363 472 5,929 4,357 General use 1,815 1,452 $7,744 $5,809 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 $22,869. Each customer paid in full. 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 of jobs and sale of goods. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 2,500.)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter10: Accounting Systems For Manufacturing Operations
Section: Chapter Questions
Problem 10.10E: Amounts for materials Big Timber Furniture Company manufactures furniture. Big Timber Furniture uses...
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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.
Subsidiary data for Work in Process Inventory on June 1 are as follows.
During June, raw materials purchased on account were $5,929, and all wages were paid. Additional overhead costs consisted ofdepreciation on equipment $1,089 and miscellaneous costs of $484 incurred on account.
A summary of materials requisition slips and time tickets for June shows the following.
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 $22,869. Each customer paid in full.
Raw Materials Inventory | $5,082 | Manufacturing |
$39,494 | |||
Work in Process Inventory | $6,703 | Manufacturing Overhead Incurred | $38,297 |
Subsidiary data for Work in Process Inventory on June 1 are as follows.
|
||||||
Customer Job
|
||||||
Cost Element
|
Rodgers
|
Stevens
|
Linton
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|||
Direct materials | $726 | $968 | $1,089 | |||
Direct labor | 387 | 653 | 702 | |||
Manufacturing overhead | 484 | 817 | 877 | |||
$1,597 | $2,438 | $2,668 |
During June, raw materials purchased on account were $5,929, and all wages were paid. Additional overhead costs consisted of
A summary of materials requisition slips and time tickets for June shows the following.
Customer Job
|
Materials Requisition Slips
|
Time Tickets
|
||
Rodgers | $968 | $1,029 | ||
Koss | 2,420 | 968 | ||
Stevens | 605 | 436 | ||
Linton | 1,573 | 1,452 | ||
Rodgers | 363 | 472 | ||
5,929 | 4,357 | |||
General use | 1,815 | 1,452 | ||
$7,744 | $5,809 |
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 $22,869. Each customer paid in full.
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 of jobs and sale of goods. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 2,500.)
No.
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Account Titles and Explanation
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Debit
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Credit
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(1)
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(To record purchase of raw materials) | |||
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(To record factory labor costs paid) | |||
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(To record manufacturing overhead costs incurred) | |||
(2)
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(To record assignment of direct materials) | |||
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(To record assignment of factory labor) | |||
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(To record assignment of manufacturing overhead) | |||
(3)
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(To record completion of jobs) | |||
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(To record sale of goods) | |||
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