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Enos Inc. is a construction company specializing in custom patios

Price: $2.50


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   4,200
Work in Process Inventory   5,540
Manufacturing overhead applied  32,640
Manufacturing overhead incurred  31,650

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






Cost Element  Fowler   Haines   Krantz 
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  Mateirals Requirement Slips   Time Tickets 
Fowler   800  450
Elgin   2,000  800
Haines   500  360
Krantz   1,300  1,600
Fowler   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 Fowler, Haines, and Krantz were completed during June and sold for a total
of $18,900. Each customer paid in full.

Instructions
(a) Journalize the June transactions: (i) for purchase of raw materials, factory labor costs
incurred, and manufacturing overhead costs incurred; (ii) assignment of raw materials, labor,
and overhead to production; and (iii) completion of jobs and sale of goods.
(b) Post the entries to Work in Process Inventory.
(c) Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs.
(d) Prepare a cost of goods manufactured schedule for June.

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