P15-3a case inc. is a construction company specializing in custom


  

P15-3A

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

                       Customer Job                         

           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

                                                           4,900                                       3,600

General use                                        1,500                                       1,200

                                                           $6,400                                     $4,800

           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.

Instructions

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.