Instructions for the Microsoft Excel Templates Advisory - The worksheets are not protected. You can over type any data within the worksheets. If you over type important data you can usually restore it by referencing your textbook. Detail and information on Excel is contained within the manual. Striking the "F1" key or following the path "Windows>Excel Help" will invoke the Office Assistant and bring up one of several help menus. Type your name into the cell to the right of the "Name" cell. Your name will appear on each printed sheet. Type your course identity or instructor identity into the cell to the right of "Course." This information will appear on each printed sheet. It is recommended that you enter the due date of your assignment in the cell to the right of the "Date" cell. If the workbook requires more than one printed sheet, your name, course, date, and the first exercise or problem line will appear on each sheet. If the workbook requires more than one printed sheet page breaks are already set for normal bond - 8 1/2 X 11" paper. The print area of the exercise or problem is defined by the grey filled cells. These grey filled cells are the cells immediately outside the print area. Each worksheet will also contain a footer that includes the exercise or problem identity, the tab you printed, the page of pages, the time, and date you printed the worksheet.

The exercises and problems may be presented slightly different than in your textbook. This is to facilitate better utilization by the formulas available to you with Excel. Cells that contain data that can be used by the formulas of Excel in the solution of the exercise or problem are usually framed with black lines to help you identify those values. Place an account name or title, such as "Cash," where "Account" or "Account title" appear. Place a line title, such as "Net income," where "Title" or "Text Title" appear. Place a value, such as "8.50," where "Amount" or "Value" appears. Place a number, such as "3," where "Number" or "Quantity" appears. The terms "Amount" and "Value" generally refer to values such as $85.97 while the terms "Number" and "Quantity" refer to the numerical refer to 3 units or 5 years. Where text or memorandum lines are desired for journal entries, a line below the journal entry is provided. When an exercise or problem requires a text entry, such as "Based on the information, which option would you recommend?" a formatted text box is provided. This is usually identified with "Enter your text answer here" or "Place text answer here" type text. Simply click into the cell and over type the existing text. Insert the account number where "ACCT #" appears on the template during posting. Insert the journal reference where "JOURN #" appears on the template during posting. The cells of the exercises and problems are already formatted for the data. No adjustment should be necessary. Dates should be entered as "06/06/08." This will ensure that Excel will present it properly. Negative values should be preceded by a "-" (negative sign). Negative values may be shown as ($400) vice $400. The display may have "Freeze Pane" invoked so column titles remain visible during data entry.

Name: Course: Date: P2-3A Prepare entries in a job cost system and cost of goods manufactured schedule. Managerial Accounting, 4 Edition, by Weygandt, Kieso, and Kimmel Solving Managerial Accounting Problems Using Microsoft Excel for Windowsby Rex A Schildhouseth

Problem P2-3A 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, 2008, the general ledger for Enos Inc. contains the following data. Raw Materials Inventory $4,200 Manufacturing Overhead Applied $32,640 $5,540 $31,650 Work in Process Inventory Manufacturing Overhead Incurred Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Cost Element Fowler Haines $600 $800 Direct materials Direct labor 320 540 400 675 Manufacturing overhead $1,320 $2,015

Krantz $900 580 725 $2,205

$3,900 and all wages were paid. Additional During June, raw materials purchased on account were $700 overhead costs consisted of depreciation on equipment 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 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 $1.25 Overhead was assigend to jobs at the same rate of 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)(i)(a) Journalize the June transactions for purchase of raw materials. Account title Account title Amount Amount

FileName: 83874394.xls, Tab: Problem P2-3A, Page 1 of 3, 2/7/2012, 8:57 AM

Name: Course: Date: P2-3A Prepare entries in a job cost system and cost of goods manufactured schedule. (a)(i)(b) Journalize the June transactions for factory labor costs. Account title Account title Amount Amount

(a)(i)(c) Journalize the June transactions for manufacturing overhead costs incurred. Account title Account title Account title (a)(ii)(a) Journalize the June transactions for the assignment of direct materials. Account title Account title Account title Amount Amount Amount Amount Amount Amount

(a)(ii)(b) Journalize the June transactions for the assignment of direct labor. Account title Account title Account title Amount Amount Amount

(a)(ii)(c) Journalize the June transactions for the assignment of overhead to production. Account title Account title (a)(iii)(a) Journalize the June transactions for the completion of jobs. Account title Account title Job Fowler Haines Krantz Direct Material Amount Amount Amount Direct Labor Amount Amount Amount Amount Amount Manufacturing Overhead Formula Formula Formula Total Costs Formula Formula Formula Formula Amount Amount

FileName: 83874394.xls, Tab: Problem P2-3A, Page 2 of 3, 2/7/2012, 8:57 AM

Name: Course: Date: P2-3A Prepare entries in a job cost system and cost of goods manufactured schedule. (a)(iii)(b) Journalize the June transactions for the sale of goods. Account title Account title Account title Account title (b) Post the entries to Work in Process Inventory. Balance Title Title Title 6/30/2008 Balance 6/1/08 Work in Process Inventory 6/30/08 Title Amount Amount Amount Amount Formula Amount Amount Amount Amount

Amount

(c) Reconcile the balance in Work in Process Inventory with the costs of unfinished goods. Work in Progress Inventory Name Title Title Title Amount Amount Amount Amount

Formula

(d) Prepare a cost of goods manufactured schedule for June. ENOS INC. Cost of Goods Manufactured Schedule For the Month Ended June 30, 2008 Work in process, June 1 Title Amount Title Amount Title Amount Total manufacturing costs Title Less: Work in process, June 30 Title

Amount

Formula Formula Amount Formula

FileName: 83874394.xls, Tab: Problem P2-3A, Page 3 of 3, 2/7/2012, 8:57 AM