Problem 15-3A (Part Level Submission) Case Inc. is a construction company specia

Question

Problem 15-3A (Part Level Submission)

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 $4,200 Manufacturing Overhead Applied $32,640 Work in Process Inventory $5,540 Manufacturing Overhead Incurred $31,650 he Customer Job Cost Element Direct materials Direct labor Manufacturing overhead Rodgers StevensLino $600 320 400 $1,320 $800 540 675 $2,015 $900 580 725 $2,205

Explanation / Answer

Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs:

Work in Process Inventory $ 3,800

Job: Koss (Direct Materials $2,000 + Direct Labor $800 +

Manufacturing overhead $1,000) $ 3,800

Cost of unfinished Job: Koss: Direct Materials $2,000 + Direct Labor $800 + Manufacturing Overhead $1,000 = $3,800

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