Skop Inc. is a construction company specializing in custom patios. The patios ar

Question

Skop 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, 2012, the general ledger for Skop Inc. contains the following data.

Subsidiary data for Work in Process Inventory on June 1 are as follows.

During June, raw materials purchased on account were $3,900, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $700and miscellaneous costs of $400incurred on account.

A summary of materials requisition slips and time tickets for June shows the following.

Overhead was charged to jobs at the same rate of $1.25per dollar of direct labor cost. The patios for customers Gomes, Innes, and Larsen were completed during June and sold for a total of $18,900. Each customer paid in full.

Explanation / Answer

Solve: journalize the june transactions:1) for purchase of raw materials, factory labor costs incurred, and manufacturing overhead cost incurred 2)assignment of direct materials, labor, and overhead to production, and 3) completion of jobs and sales of goods.

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