P15-3a case inc. is a construction company specializing in custom
Case Inc. is a view fraternity specializing in use patios. The patios are false of compact, brick, fiberglass, and choke, depending upon useer vill. On June 1, 2017, the public ledger for Case Inc. contains the forthcoming facts.
Raw Materials Inventory $4,200 Manufacturing Aloft Applied $32,640
Work in Process Inventory $5,540 Manufacturing Aloft Incurred $31,650
Subsidiary facts for Work in Process Inventory on June 1 are as follows.
Job Require Sheets
Cost Element Rodgers Stevens Linton
Direct materials $600 $800 $900
Direct drudge 320 540 580
Manufacturing aloft 400 675 725
$1,320 $2,015 $2,205
During June, raw materials lapsed on statement were $4,900, and all stipend were remunerated. Additional aloft requires consisted of slander on equipment $900 and miscellaneous requires of $400 incurred on statement.
A abstract of materials requisition slips and interval tickets for June shows the forthcoming.
Customer Job Materials Requisition Slips Time Tickets
Rodgers $800 $850
Koss 2,000 800
Stevens 500 360
Linton 1,300 1,200
Rodgers 300 390
General use 1,500 1,200
Overhead was teeming to jobs at the similar reprove of $1.25 per dollar of trodden drudge require. The patios for useers Rodgers, Stevens, and Linton were completed during June and sold for a entirety of $18,900. Each useer remunerated in generous.
Journalize the June transactions: (1) for lapse of raw materials, factory drudge requires incurred, and manufacturing aloft require incurred; (2) assignment of trodden materials, drudge, and aloft to production; and (3) tenor of jobs and sale of consequence.
Post the entries to Work in Process Inventory.
Reconcile the adjust in Work in Process Inventory delay the requires of coarse jobs.
Prepare a require of consequence false list for June.