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Journalize the June transactions: (1) for purchase of raw materials, factory labor costs incurred, and manufacturing...

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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 O decimal places, eg. 2,500.) No. Account Titles and Explanation Debit Credit 1) Raw Materlals Inventory Accounts Payable To record purchase of raw materials) To record factory labor costs paid) To record manufacturing overhead costs incurred) To record assignment of direct materials) To record assignment of factory labor) record assignment of manufacturing overhead) (To record completion ofjobs) To record sale of goods) To record the cost of goods sold)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 $4,368 Manufacturing Overhead Applied $33,946 Work in Process Inventory $5,762 Manufacturing Overhead Incurred $32,916 Subsidiary data for Work in Process Inventory on June 1 are as follows ob Cost Sheets Customer Job Cost Element Direct materials Direct labor Manufacturing overhead Rodgers Stevens Linton $624 $832 $936 562 603 702 754 $1,373 $2.096 $2,293 416 During June, raw materials purchased on account were $ 5,096, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $936 and miscellaneous costs of $ 416 incurred on account. A summary of materials requisition slips and time tickets for June shows the following. Customer Job Rodgers Koss Stevens Linton Rodgers Materials Requisition Slips $ 832 2,080 520 1,352 312 5,096 1,560 $ 6,656 Time Tickets $ 884 832 374 1,248 406 3,744 1,248 $4,992 General use 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 $19,656. 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 O decimal places, eg. 2,500.) No. Account Titles and Explanation Debit Credit 1) Raw Materlals Inventory Accounts Payable To record purchase of raw materials) To record factory labor costs paid) To record manufacturing overhead costs incurred) To record assignment of direct materials) To record assignment of factory labor) record assignment of manufacturing overhead) (To record completion ofjobs) To record sale of goods) To record the cost of goods sold)
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 $4,368 Manufacturing Overhead Applied $33,946 Work in Process Inventory $5,762 Manufacturing Overhead Incurred $32,916 Subsidiary data for Work in Process Inventory on June 1 are as follows ob Cost Sheets Customer Job Cost Element Direct materials Direct labor Manufacturing overhead Rodgers Stevens Linton $624 $832 $936 562 603 702 754 $1,373 $2.096 $2,293 416 During June, raw materials purchased on account were $ 5,096, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $936 and miscellaneous costs of $ 416 incurred on account. A summary of materials requisition slips and time tickets for June shows the following. Customer Job Rodgers Koss Stevens Linton Rodgers Materials Requisition Slips $ 832 2,080 520 1,352 312 5,096 1,560 $ 6,656 Time Tickets $ 884 832 374 1,248 406 3,744 1,248 $4,992 General use 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 $19,656. Each customer paid in full
Business Accounting
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1) Raw Materials Inventory 5096 Accounts Payable 5096 Factory Labor Cash 4992 4992 Manufacturing Overhead Accumulated Depreciation-Equipment Accounts Payable 1352 936 416 2] Work in Process Inventory Manufacturing Overhead Raw Materials Inventory 5096 1560 6656 Work in Process Inventory Manufacturing Overhead Factory Labor 3744 1248 4992 Work in Process Inventory ($3,744 X 1.25) Manufacturing Overhead 4680 4680 3) Finished Goods Inventory Work in Process Inventory 15,331 15,331 4) Cash 19656 Salaes revenue 19,656 5) cost of goods sold Finished Goods Inventory 15,331 15,331 Manufacturi Direct Direct Total Job Materials Labor Overhead* Costs Rogers Stevens Linton $1,768$ 1,623$ 2,029 $ 936 1,170 S 2,314$ 5,420 3,458 6,453 $15,331 1352 S Rogers 624+832+31 333+884+40 111623 125 6 562+374 12484603 Stevens Linton 832+520 936+1352 | | 936*125% 1851*125% | mfr overhead-125% * direct laborb) Work in process inventory 6/1 balance direct materials direct labor overhead applied 6/30 Balance 5762 Completed w $15,331 5096 3744 4680 $3,952 c) Work in process inventory 3952 koss direct materials direct labor Manufacturing ovrhead (808*125%) total 2080 832 1040 3952 CASE INC. Cost of Goods Manufactured Schedule For the Month Ended June 30, 2017 d) 5762 Work in process, June 1 Direct materials used Direct labor Manufacturing overhead applied Total manufacturing costs Total cost of work in process Less: Work in process, June 30 Cost of goods manufactured 5096 3744 4680 13520 19282 $3,952 $15,331

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