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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, 2020, the general ledger for Case Inc. contains the following data. $31,800 Raw Materials Inventory Work in Process Inventory $4,400 $5,450 Manufacturing Overhead Applied Manufacturing Overhead Incurred $30,200 Subsidiary data for Work in Process Inventory on June 1 are as follows. Linton Job Cost Sheets Customer Job Cost Element Rodgers Stevens Direct materials $600 $700 Direct labor 300 500 Manufacturing overhead 375 625 $1,275 $1,825 $1,000 600 750 $2,350 During June, raw materials purchased on account were $5,100, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $900 and miscellaneous costs of $400 incurred on account. A summary of materials requisition slips and time tickets for June shows the following.

Answer 1

Q1. No. Credit Debit 5,100 $ Account titles and explanation 1 Raw Materials Inventory Accounts Payable (To record purchase of raw materials) $ 5,100 $ 5,100 Factory Labor Cash (To record factory labor costs) $ 5,100 $ 1,300 900 Work in process Inventory Accumulated Depreciation-Equipment Accounts Payable (To record MOH costs incurred) $ $ 400 $ $ 5,100 1,600 2 Work in process Inventory Manufacturing Overhead Raw materials Inventory (To record the usage of raw materials) $ 6,700 AA 3,800 1,300 Work in process Inventory Manufacturing Overhead Factory Labor (To record the usage of factory labor) $ 5,100 $ 4,750 Work in process Inventory Manufacturing Overhead (To record manufacturing overhead) DLH = $3,800*$1.25 $ 4,750

$ 14,875 3 Finished Goods Inventory Work in process Inventory (To record completion of job) [$5,450+2,900+2,900+(2,900*1.25) $ 14,875 $ 18,900 Cash Sales Revenue (To record sale of goods) $ 18,900 $ 14,875 Cost of Goods Sold Finished Goods Inventory (To record cogs) $ 14,875

Q2. Q4. $14,875 5,450 May 1 Bal. May 31 May 31 May 31 May 1 Bal. Work in Process Inventory $5,450 May 31 $5,100 $3,800 $4,750 $4,225 CASE INC. Cost of Goods Manufactured Schedule For the Month Ended June 30 Work In Process, June 1 $ Direct materials used $ 5,100 Direct Labor $ 3,800 Manufacturing OH applied S 4,750 Total Manufacturing Cost $ Total Cost of Work in process $ Less: Work in process, June 30 $ Cost of Goods Manufactured $ 13,650 19,100 4,225 14,875 Q3. Reconcile the balance in WIP woth unfinished jobs: Cost of Unfinished Job: KOSS; Direct Material: $2,200; Direct Labor:$900; MOH=$1,125 Cost of Unfinished Job:$4,225 Workings: Finished Goods Job No. Beginning WIP Rodgers $1,275 Stevens $1,825 Linton $2,350 $5,450 Direct Material Direct Labor Manuf. OH [$700+300] [$900+400] [$900+400]*1.25 $ $500 $ 400 [$400]*1.25 $ $1,400 $ 1,200 [$1,200]*1.25 $ $2,900 $2,900 $3,625 Total 5,200 3,225 6,450 $14,875 *Manufacturing OH:-Direct Labor *$1.25

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