Will thumbs up for correct answer, thank you Case Inc. is a construction company

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Will thumbs up for correct answer, thank you

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 Work in Process Inventory S4,200 S5,540 Manufacturing Overhead Applied S32,640 S31,650 Subsidiary data for Work in Process Inventory on June 1 are as follows. Customer Job Cost Element Direct materials Direct labor Rodgers S600 320 400 S1,320 Stevens $800 540 675 $2,015 Linton S900 580 725 $2,205 During June, raw materials purchased on account were S4,900, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $900 and miscellaneous costs of $400 incurred on account. A summary of materials requisition slips and time tickets for June show the following.

Explanation / Answer

Workings

DR CR a1 Raw Materials Inventory 4900 Accounts Payable 4900 Factory Labor 4400 Cash 4400 Manufacturing Overhead 1100 Accumulated Depreciation—Equipment 700 Accounts Payable 400 a2 Work in Process Inventory 4900 Manufacturing Overhead 1500 Raw Materials Inventory 6400 Work in Process Inventory 3200 Manufacturing Overhead 1200 Factory Labor 4400 Work in Process Inventory 4000 a 3 Manufacturing Overhead. 3200*1.25 4000 Finished Goods Inventory 13,840 Work in Process Inventory 13,840 Cash 18900 Sales 18900 Cost of Goods Sold. 13,840 Finished Goods Inventory 13,840

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