Prepare summary journal entries to record i the requisition

Reference no: EM13577180

Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,750 and two jobs in process: Job No. 429 $2,160, and Job No. 430 $1,590. During May, a summary of source documents reveals the following.

Job Number	Materials Requisition Slips		Labor Time Tickets
429	$2,910		$2,330
430	3,910		3,420
431	4,800	$11,620	8,170	$13,920
General use		964		1,650
		$12,584		$15,570

Prepare summary journal entries to record (i) the requisition slips, (ii) the time tickets, (iii) the assignment of manufacturing overhead to jobs, and (iv) the completion of Job No. 429

No.	Date	Account Titles and Explanation	Debit	Credit
(i)	May 31


(ii)	31


(iii)	31

(iv)	31

Reference no: EM13577180

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Prepare summary journal entries to record i the requisition

Reference no: EM13577180

Reference no: EM13577180

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