Question

Problem 20-3A

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 $4,998 Manufacturing Overhead Applied $38,842
Work in Process Inventory $6,593 Manufacturing Overhead Incurred $37,664

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 $714 $952 $1,071
Direct labor 381 643 690
Manufacturing overhead 476 803 863
$1,571 $2,398 $2,624

During June, raw materials purchased on account were $5,831, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $1,071 and miscellaneous costs of $476 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 $952 $1,012
Koss 2,380 952
Stevens 595 428
Linton 1,547 1,428
Rodgers 357 464
5,831 4,284
General use 1,785 1,428
$7,616 $5,712

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 $22,491. Each customer paid in full.

[Partially correct answer.] Your answer is partially correct. Try again.

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.
Account Titles and Explanation
Debit
Credit
(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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[Entry field with correct answer]
[Entry field with correct answer]
[Entry field with incorrect answer]
(To record manufacturing overhead costs incurred)
(2)
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[Entry field with incorrect answer]
[Entry field with correct answer]
[Entry field with correct answer]
[Entry field with incorrect answer]
[Entry field with correct answer]
[Entry field with correct answer]
[Entry field with correct answer]
[Entry field with incorrect answer]
(To record assignment of direct materials)
[Entry field with correct answer]
[Entry field with incorrect answer]
[Entry field with correct answer]
[Entry field with correct answer]
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[Entry field with correct answer]
[Entry field with correct answer]
[Entry field with correct answer]
[Entry field with incorrect answer]
(To record assignment of factory labor)
[Entry field with correct answer]
[Entry field with incorrect answer]
[Entry field with correct answer]
[Entry field with correct answer]
[Entry field with correct answer]
[Entry field with incorrect answer]
(To record assignment of manufacturing overhead)
(3)
[Entry field with correct answer]
[Entry field with incorrect answer]
[Entry field with correct answer]
[Entry field with correct answer]
[Entry field with correct answer]
[Entry field with incorrect answer]
(To record completion of jobs)
[Entry field with correct answer]
[Entry field with incorrect answer]
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[Entry field with correct answer]
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(To record sale of goods)
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[Entry field with correct answer]
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(To record the cost of goods sold)

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[Partially correct answer.] Your answer is partially correct. Try again.

Post the entries to Work in Process Inventory. (Round answers to 0 decimal places, e.g. 2,500.)

Work in Process Inventory
6/1
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Completed Work
Overhead Applied
Balance
Direct Materials
Direct Labor
[Entry field with incorrect answer]
June
[Entry field with correct answer]

Overhead Applied
Completed Work
Balance
Direct Materials
Direct Labor
[Entry field with incorrect answer]
[Entry field with correct answer]

Completed Work
Balance
Direct Materials
Direct Labor
Overhead Applied
[Entry field with incorrect answer]

[Entry field with correct answer]

Direct Labor
Balance
Direct Materials
Completed Work
Overhead Applied
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[Entry field with correct answer]

Completed Work
Balance
Direct Materials
Overhead Applied
Direct Labor
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6/30
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Balance
Direct Materials
Overhead Applied
Completed Work
Direct Labor
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[Incorrect answer.] Your answer is incorrect. Try again.

Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs. (Round answers to 0 decimal places, e.g. 2,500.)

Costs of unfinished Job:
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Rodgers
Koss
Linton
Stevens
Direct Materials $
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+ Direct Labor $
[Entry field with incorrect answer]
+ Manufacturing Overhead $
[Entry field with incorrect answer]
= $
[Entry field with incorrect answer]

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[Partially correct answer.] Your answer is partially correct. Try again.

Prepare a cost of goods manufactured schedule for June. (Round answers to 0 decimal places, e.g. 2,500.)

CASE INC.
Cost of Goods Manufactured Schedule
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For the Year Ended June 30, 2017
June 30, 2017
For the Month Ended June 30, 2017
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Cost of Goods Manufactured
Direct Labor
Direct Materials Used
Manufacturing Overhead Applied
Total Cost of Work in Process
Total Manufacturing Costs
Work in Process, June 1
Work in Process, June 30
Raw Materials, June 1
Raw Materials, June 30
Finished Goods, June 1
Finished Goods, June 30
$
[Entry field with incorrect answer]
[Entry field with correct answer]

Cost of Goods Manufactured
Direct Labor
Direct Materials Used
Manufacturing Overhead Applied
Total Cost of Work in Process
Total Manufacturing Costs
Work in Process, June 1
Work in Process, June 30
Finished Goods, June 1
Finished Goods, June 30
Raw Materials, June 1
Raw Materials, June 30
$
[Entry field with incorrect answer]
[Entry field with correct answer]

Cost of Goods Manufactured
Direct Labor
Direct Materials Used
Manufacturing Overhead Applied
Total Cost of Work in Process
Total Manufacturing Costs
Work in Process, June 1
Work in Process, June 30
Raw Materials, June 1
Raw Materials, June 30
Finished Goods, June 1
Finished Goods, June 30
[Entry field with incorrect answer]
[Entry field with correct answer]

Cost of Goods Manufactured
Direct Labor
Direct Materials Used
Manufacturing Overhead Applied
Total Cost of Work in Process
Total Manufacturing Costs
Work in Process, June 1
Work in Process, June 30
Finished Goods, June 1
Finished Goods, June 30
Raw Materials, June 1
Raw Materials, June 30
[Entry field with incorrect answer]
[Entry field with correct answer]

Cost of Goods Manufactured
Direct Labor
Direct Materials Used
Manufacturing Overhead Applied
Total Cost of Work in Process
Total Manufacturing Costs
Work in Process, June 1
Work in Process, June 30
Raw Materials, June 1
Raw Materials, June 30
Finished Goods, June 1
Finished Goods, June 30
[Entry field with incorrect answer]
[Entry field with correct answer]

Cost of Goods Manufactured
Direct Labor
Direct Materials Used
Manufacturing Overhead Applied
Total Cost of Work in Process
Total Manufacturing Costs
Work in Process, June 1
Work in Process, June 30
Finished Goods, June 1
Finished Goods, June 30
Raw Materials, June 1
Raw Materials, June 30
[Entry field with incorrect answer]
[Entry field with correct answer]

Add
Less
:
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Cost of Goods Manufactured
Direct Labor
Direct Materials Used
Manufacturing Overhead Applied
Total Cost of Work in Process
Total Manufacturing Costs
Work in Process, June 1
Work in Process, June 30
Raw Materials, June 30
Raw Materials, June 1
Finished Goods, June 1
Finished Goods, June 30
[Entry field with incorrect answer]
[Entry field with correct answer]

Cost of Goods Manufactured
Direct Labor
Direct Materials Used
Manufacturing Overhead Applied
Total Cost of Work in Process
Total Manufacturing Costs
Work in Process, June 1
Work in Process, June 30
Finished Goods, June 30
Finished Goods, June 1
Raw Materials, June 1
Raw Materials, June 30
$
[Entry field with incorrect answer]

Answer 1