Enos 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, 2010, the general ledger for Enos Inc. contains the following data.Raw Materials Inventory$4,547 Manufacturing Overhead Applied$32,579Work in Process Inventory$5,113 Manufacturing Overhead Incurred$32,005Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost ElementFowlerHainesKrantz Direct materials$ 542$ 784$ 949 Direct labor   360  510   420 Manufacturing overhead   432  612   504 $1,334$1,906$1,873During June, raw materials purchased on account were $4,334, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $710 and miscellaneous costs of $472 incurred on account.
A summary of materials requisition slips and time tickets for June shows the following. Customer JobMaterials
Requisition SlipsTime Tickets Fowler$ 756 $ 450  Elgin2,499 790  Haines447 360  Krantz1,922 1,600  Fowler324 400   5,948 3,600  General use1,819 1,700   $7,767 $5,300 Overhead was charged to jobs at the same rate of $1.2 per dollar of direct labor cost. The patios for customers Fowler, Haines, and Krantz were completed during June and sold for a total of $18,417. Each customer paid in full.Correct.  Journalize the June transactions: (i) for purchase of raw materials, factory labor costs incurred, and manufacturing overhead costs incurred; (ii) assignment of direct materials, labor, and overhead to production; and (iii) completion of jobs and sale of goods.  (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)Account/DescriptionDebitCreditRaw materials inventory4334         Accounts payable 4334(Purchase of raw materials.)  Factory labor5300         Cash 5300(To record factory labor costs.)  Manufacturing overhead1182         Acc. Depreciation-Equipment 710        Accounts payable 472(To record manufacturing overhead costs.)  Work in process inventory5948 Manufacturing overhead1819         Raw materials inventory 7767(To assign raw materials to production.)  Work in process inventory3600 Manufacturing overhead1700         Factory labor 5300(To assign factory labor to production.)  Work in process inventory4320         Manufacturing overhead 4320(To assign manufacturing overhead to production.)Finished goods inventory14744         Work in process inventory 14744(To record completion of jobs.)  Cash18417         Sales 18417(To record sale of jobs.)  Cost of goods sold14744         Finished goods inventory 14744(To record cost of jobs.)  ncorrect.  Post the entries to Work in Process Inventory.Work in Process Inventory6/1Balance5,113  June  Completed Work ? Direct materials?     Direct labor?     Overhead applied?    6/30Balance?   Correct.  Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs.Work in process inventory$ 4237  Job: Elgin$ 4237
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