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Kimmel, Survey of Accounting, le, for Central New Mexico Community College Her i System Announcements CALCULATOR PRINTER VERSION * BACK NEXT Exerose 14.20-Hart Lever SuSSION) Shendan Company uses a job order cost system. On May 1, the company has balances in Raw Materials Inventory of $15,100 and Work in Process Inventory of $3,610 and two jobs in process: Job No. 429 $2,140, and Job No. 430 $1,470. During May, a summary of source documents reveals the following Job Number 429 Materials Requisition Slips $2.940 4,090 4.920 $11,950 930 430 Labor Time Tickets $2,060 3,600 8,060 $13,720 1.590 $15,310 431 General use $12,880 during the month PRINTER VERSIC CALCULATOR ( ab) (a) Record the May 1 inventory balances and the factory labor incurred (b) Record (1) material usage from requisition sps, (2) factory labor usage from time tickets, (3) the assignment of manufacturing overhead to jobs, and (4) the completion of Job No. 429. (Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheses e... (45).) Manufacturing Costs Raw Materials Inventory Factory Labor Manufacturing Overhead Work in Process Inventory Finished Goods Inventory (a) Balances $ $ $ $ (b) incurred factory labor (b) Direct materials (b) Indirect materials (b) Direct labor (b) Indirect labor (b) Assign Manufacturing overhead (b) Completion of job No. 429 Balance $ Click if you would like to show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO. SIMILAR EXERCISE Attempts: 0 of 3 used SAVE FOR LATER SUUNIT ANS Kimmel, Survey of Accounting, le, for Central New Mexico Community College Her i System Announcements CALCULATOR PRINTER VERSION * BACK NEXT Exerose 14.20-Hart Lever SuSSION) Shendan Company uses a job order cost system. On May 1, the company has balances in Raw Materials Inventory of $15,100 and Work in Process Inventory of $3,610 and two jobs in process: Job No. 429 $2,140, and Job No. 430 $1,470. During May, a summary of source documents reveals the following Job Number 429 Materials Requisition Slips $2.940 4,090 4.920 $11,950 930 430 Labor Time Tickets $2,060 3,600 8,060 $13,720 1.590 $15,310 431 General use $12,880 during the month PRINTER VERSIC CALCULATOR ( ab) (a) Record the May 1 inventory balances and the factory labor incurred (b) Record (1) material usage from requisition sps, (2) factory labor usage from time tickets, (3) the assignment of manufacturing overhead to jobs, and (4) the completion of Job No. 429. (Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheses e... (45).) Manufacturing Costs Raw Materials Inventory Factory Labor Manufacturing Overhead Work in Process Inventory Finished Goods Inventory (a) Balances $ $ $ $ (b) incurred factory labor (b) Direct materials (b) Indirect materials (b) Direct labor (b) Indirect labor (b) Assign Manufacturing overhead (b) Completion of job No. 429 Balance $ Click if you would like to show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO. SIMILAR EXERCISE Attempts: 0 of 3 used SAVE FOR LATER SUUNIT ANS

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