(a) (i) Journalize the June transactions for purchase of raw materials, factory labor costs incurred, and

manufacturing overhead
incurred.

Raw Materials Inventory 6,027

Accounts Payable 6,027

Factory Labor 5,905

Cash 5,905

Manufacturing Overhead 1,599

Accumulated Depreciation-Equipment 1,107
Accounts Payable 492

(a) (ii) Journalize the June transactions for the assignment of raw materials, labor, and overhead to production.

Work in Process Inventory 6,027

Manufacturing Overhead 1,845
Raw Materials Inventory 7,872

Work in Process Inventory 4,429

Manufacturing Overhead 1,476
Factory Labor 5,905

Work in Process Inventory ($4,429 × $1.25) 5,536

Manufacturing Overhead 5,536

(a) (iii) Journalize the June transactions for the completion of jobs and sale of goods.

Finished Goods Inventory 18,132

Work in Process Inventory 18,132

Direct Manufacturing
Job Materials Direct Labor Overhead * Total Costs
Rodgers $2,091 $1,920 $2,400 $6,411
Stevens 1,599 1,107 1,384 4,090
Linton 2,706 2,189 2,736 7,631
Mfg Overhd = Direct labor × $1.25 $18,132

Cash 23,247
Sales 23,247

Cost of Goods Sold 18,132

Finished Goods Inventory 18,132

(b) Post the entries to Work in Process Inventory.

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6/1/2012 Balance 6,814 6/30/2012
Direct materials 6,027
Direct labor 4,429
Overhead applied 5,536
6/30/2012 Balance 4,674

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(c) Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs.

Work in process $4,674

Job: Koss
Direct materials $2,460
Direct labor 984
Manufacturing overhead 1,230 $4,674

(d) Prepare a cost of goods manufactured schedule for June.

CASE INC.
Cost of Goods Manufactured Schedule
For the Month Ended June 30, 2017
Work in process, June 1 $6,814
Direct materials used $6,027
Direct labor 4,429
Manufacturing overhead applied 5,536
Total manufacturing costs 15,992
Total cost of work in process 22,806
Less: Work in process, June 30 4,674
Cost of goods manufactured $18,132

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 and manufacturing overhead costs

to production.

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18,132

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430406852.xlsx, Solution P20-3A (2), Page 6 of 8 Page(s), 07/21/201906:41:49
 Name: Solution Date:
Instructor: Course:
Accounting Principles, Tenth Edition by Weygandt, Kieso, and Kimmel
Primer on Using Excel in Accounting by Rex A Schildhouse
P20-3A,Prepare entries in a job cost system and cost of goods manufactured schedule.
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, 2012, the general ledger for CASE Inc. contains the following data.
Raw Materials Inventory $4,200 Manufacturing Overhead Applied $32,640
Work in Process Inventory $5,540 Manufacturing Overhead Incurred $31,650
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 $600 $800 $900
Direct labor $320 $540 $580
Manufacturing overhead $400 $675 $725
$1,320 $2,015 $2,205

During June, raw materials purchased on account were $3,900 , and all wages were paid. Additional overhead costs
consisted of depreciation on equipment $700 and miscellaneous costs of $400 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 $800 $450
Koss 2,000 800
Stevens 500 360
Linton 1,300 1,600
Rodgers 300 390
4,900 3,600
General use 1,500 1,200
$6,400 $4,800

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 $18,900 Each customer paid in full.

Instructions
(a) (i) Journalize the June transactions for purchase of raw materials, factory labor costs incurred, and manufacturing overhead costs
incurred.

Raw Materials Inventory 3,900

Accounts Payable 3,900

Factory Labor 4,800

Cash 4,800

Manufacturing Overhead 1,100

Accumulated Depreciation-Equipment 700
Accounts Payable 400

(a) (ii) Journalize the June transactions for the assignment of raw materials, labor, and overhead to production.

Work in Process Inventory 4,900

Manufacturing Overhead 1,500
Raw Materials Inventory 6,400

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 Name: Solution Date:
Instructor: Course:
Work in Process Inventory 3,600
Manufacturing Overhead 1,200
Factory Labor 4,800

Work in Process Inventory ($3,600 × $1.25) 4,500

Manufacturing Overhead 4,500

(a) (iii) Journalize the June transactions for the completion of jobs and sale of goods.

Finished Goods Inventory 14,740

Work in Process Inventory 14,740

Direct Manufacturing
Job Materials Direct Labor Overhead * Total Costs
Rodgers $1,700 $1,160 $1,450 $4,310
Stevens 1,300 900 1,125 3,325
Linton 2,200 2,180 2,725 7,105
Mfg Overhd = Direct labor × $1.25 $14,740

Cash 18,900
Sales 18,900

Cost of Goods Sold 14,740

Finished Goods Inventory 14,740

(b) Post the entries to Work in Process Inventory.

6/1/2012 Balance 5,540 6/30/2012 14,740

Direct materials 4,900
Direct labor 3,600
Overhead applied 4,500
6/30/2012 Balance 3,800

(c) Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs.

Work in process $3,800

Job: Koss
Direct materials $2,000
Direct labor 800
Manufacturing overhead 1,000 $3,800
(d) Prepare a cost of goods manufactured schedule for June.
CASE INC.
Cost of Goods Manufactured Schedule
For the Month Ended June 30, 2012
Work in process, June 1 $5,540
Direct materials used $4,900
Direct labor 3,600
Manufacturing overhead applied 4,500
Total manufacturing costs 13,000
Total cost of work in process 18,540
Less: Work in process, June 30 3,800
Cost of goods manufactured $14,740

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