Homework Answers
Work in process inventory
| Beginning work in process | 3800 | Job completed | 7702 |
| Direct material used | 10650 | ||
| Direct labor | 13150 | ||
| Manufacturing overhead (13150*60%) | 7890 | ||
| Ending work in process | 27788 |
Job Cost sheet
| Job No | Beginning work in process | Direct material | Direct labor | Manufacturing overhead | |
| 430 | 1680 | 3830 | 3410 | 3410*60% = 2046 | 10966 |
| 431 | 0 | 4470 | 7720 | 7720*60% = 4632 | 16822 |
| 1680 | 8300 | 11130 | 6678 | 27788 |
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Milner Manufacturing uses a job-order costing system. On May 1, the company has a balance in...
Milner Manufacturing uses a job-order costing system. On May 1, the company has a balance in...
Milner Manufacturing uses a job-order costing system. On May 1, the company has a balance in Work in Process Inventory of $3,800 and two jobs in process: Job No. 429 $2,120, and Job No. 430 $1,680. During May, a summary of source documents reveals the following: Job Number Labour Time Tickets 429 Materials Requisition Slips $2,350 39 3,830 $2,020 430 3,410 7.720 4.470 431 General use $10,650 1.160 $11.810 $13,150 1,680 $14,830 Milner Manufacturing applies manufacturing overhead to jobs at...
ACO2 Lamar Manufacturing uses a job order cost accounting system. On May 1, the company has a balance in Work in Proces...
ACO2 Lamar Manufacturing uses a job order cost accounting system. On May 1, the company has a balance in Work in Process Inventory of $3,200 and two jobs in process: Job No. 429 $2,000, and Job No. 430 $1,200. During May, a summary of source documents reveals the following. Materials Requisition Slips Labor Time Tickets Job Number 429 430 431 General use $2,500 3,600 4,400 $2,200 3,000 7,600 $10,500 1,800 $12,300 $12,800 1,950 $14,750 Lamar Manufacturing applies manufacturing overhead to...
Stine Company uses a job order cost system. On May 1, the company has a balance...
Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,500 and two jobs in process: Job No. 429 $2,000, and Job No. 430 $1,500. During May, a summary of source documents reveals the following. Job Number Materials Requisition Slips Labor Time Tickets 429 $2,500 $1,900 430 3,500 3,000 431 4,400 $10,400 7,600 $12,500 General use 800 1,200 $11,200 $13,700 Stine Company applies manufacturing overhead to jobs at...
Stine Company uses a job order cost system. On May 1, the company has a balance...
Stine Company uses a job order cost system. On May 1, the
company has a balance in Work in Process Inventory of $4,240 and
two jobs in process: Job No. 429 $2,580, and Job No. 430 $1,660.
During May, a summary of source documents reveals the
following.
Job Number
Materials
Requisition Slips
Labor Time
Tickets
429
$3,040
$2,100
430
3,680
3,300
431
4,710
$11,430
8,100
$13,500
General use
940
1,360
$12,370
$14,860
Stine Company applies manufacturing overhead to jobs at...
Stine Company uses a job order cost system. On May 1, the company has a balance...
Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,510 and two jobs in process: Job No. 429 $2,150, and Job No. 430 $1,360. During May, a summary of source documents reveals the following. Job Number Labor Time Tickets 429 430 431 General use Materials Requisition Slips $2,970 4,100 4,540 $11,610 900 $12,510 $2,100 3,200 8,100 $13,400 1,590 $14,990 Stine Company applies manufacturing overhead to jobs at...
E2-2 Stine Company uses a job order cost system. On May 1, the company has a...
E2-2 Stine Company uses a job order cost system. On May 1, the company has a balance Prepare in Work in Process Inventory of $3,500 and two jobs in process: Job No. 429 $2,000, and manugfa Job No. 430 $1,500. During May, a summary of source documents reveals the following. (LO 1, 2 Materials Labor Time Tickets Job Number 429 430 431 General use Requisition Slips $2,500 3,500 4,400 $1,900 3,000 7,600 $10,400 800 $11,200 $12,500 1,200 $13,700 Stine Company...
Mint Manufacturing uses a job order cost accounting system. On May 1, the company has a...
Mint Manufacturing uses a job order cost accounting system. On May 1, the company has a balance in Work in Process Inventory of $5,500 and two jobs in process: Job No. 429, $3,000 and Job No. 430, $2,500. During May, a summary of source documents reveals the following: For Materials Requisition Slips Labor Time Tickets Job No. 429 $ 3,500 $ 4,400 Job No. 430 2,600 3,400 Job No. 431 3,400 4,200 Job No. 432 3,000 4,000...
Stine Company uses a job order cost system. On May 1, the company has a balance...
Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process process: Job No. 429 $ 2,370, and Job No. 430 $ 1,760. Durin Inventory of $ 4,130 and two jobs in s May, a summary of source documents reveals the following Materials Requisition Slps Labor Time Tickets Job Number 429 430 431 General use $3,090 $ 2,080 3,960 3,310 4,820 $11,870 8,180 $13,570 1,320 $14,890 960 $12,830 Stine Company applies...
Exercise 15-02 a-b (Video) Sheridan Company uses a job order cost system. On May 1, the...
Exercise 15-02 a-b (Video) Sheridan Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $4,170 and two jobs in process: Job No. 429 $2,490, and Job No. 430 $1,680. During May, a summary of source documents reveals the following. Job Number 429 430 431 General use Materials Requisition Slips $2,870 3,910 4,970 $11,750 960 $12,710 Labor Time Tickets $2,100 3,300 8,200 $13,600 1,550 $15,150 Sheridan Company applies manufacturing...
Stine Company uses a job order cost system. On May 1, the company has a balance...
Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $4,240 and two jobs in process: Job No. 429 $2,580, and Job No. 430 $1,660. During May, a summary of source documents reveals the following Job Number 429 Materials Requisition Slips $3,040 3.680 4,710 $11.430 940 430 Labor Time Tickets $2,100 3,300 8,100 $13,500 1.360 $14,860 431 General use $12,370 Stine Company applies manufacturing overhead to jobs at...
Milner Manufacturing uses a job-order costing system. On May 1, the company has a balance in Work in Process Inventory of $3,800 and two jobs in process: Job No. 429 $2,120, and Job No. 430 $1,680. During May, a summary of source documents reveals the following: Job Number Labour Time Tickets 429 Materials Requisition Slips $2,350 39 3,830 $2,020 430 3,410 7.720 4.470 431 General use $10,650 1.160 $11.810 $13,150 1,680 $14,830 Milner Manufacturing applies manufacturing overhead to jobs at...
ACO2 Lamar Manufacturing uses a job order cost accounting system. On May 1, the company has a balance in Work in Process Inventory of $3,200 and two jobs in process: Job No. 429 $2,000, and Job No. 430 $1,200. During May, a summary of source documents reveals the following. Materials Requisition Slips Labor Time Tickets Job Number 429 430 431 General use $2,500 3,600 4,400 $2,200 3,000 7,600 $10,500 1,800 $12,300 $12,800 1,950 $14,750 Lamar Manufacturing applies manufacturing overhead to...
Stine Company uses a job order cost system. On May 1, the
company has a balance in Work in Process Inventory of $4,240 and
two jobs in process: Job No. 429 $2,580, and Job No. 430 $1,660.
During May, a summary of source documents reveals the
following.
Job Number
Materials
Requisition Slips
Labor Time
Tickets
429
$3,040
$2,100
430
3,680
3,300
431
4,710
$11,430
8,100
$13,500
General use
940
1,360
$12,370
$14,860
Stine Company applies manufacturing overhead to jobs at...
Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,510 and two jobs in process: Job No. 429 $2,150, and Job No. 430 $1,360. During May, a summary of source documents reveals the following. Job Number Labor Time Tickets 429 430 431 General use Materials Requisition Slips $2,970 4,100 4,540 $11,610 900 $12,510 $2,100 3,200 8,100 $13,400 1,590 $14,990 Stine Company applies manufacturing overhead to jobs at...
E2-2 Stine Company uses a job order cost system. On May 1, the company has a balance Prepare in Work in Process Inventory of $3,500 and two jobs in process: Job No. 429 $2,000, and manugfa Job No. 430 $1,500. During May, a summary of source documents reveals the following. (LO 1, 2 Materials Labor Time Tickets Job Number 429 430 431 General use Requisition Slips $2,500 3,500 4,400 $1,900 3,000 7,600 $10,400 800 $11,200 $12,500 1,200 $13,700 Stine Company...
Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process process: Job No. 429 $ 2,370, and Job No. 430 $ 1,760. Durin Inventory of $ 4,130 and two jobs in s May, a summary of source documents reveals the following Materials Requisition Slps Labor Time Tickets Job Number 429 430 431 General use $3,090 $ 2,080 3,960 3,310 4,820 $11,870 8,180 $13,570 1,320 $14,890 960 $12,830 Stine Company applies...
Exercise 15-02 a-b (Video) Sheridan Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $4,170 and two jobs in process: Job No. 429 $2,490, and Job No. 430 $1,680. During May, a summary of source documents reveals the following. Job Number 429 430 431 General use Materials Requisition Slips $2,870 3,910 4,970 $11,750 960 $12,710 Labor Time Tickets $2,100 3,300 8,200 $13,600 1,550 $15,150 Sheridan Company applies manufacturing...
Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $4,240 and two jobs in process: Job No. 429 $2,580, and Job No. 430 $1,660. During May, a summary of source documents reveals the following Job Number 429 Materials Requisition Slips $3,040 3.680 4,710 $11.430 940 430 Labor Time Tickets $2,100 3,300 8,100 $13,500 1.360 $14,860 431 General use $12,370 Stine Company applies manufacturing overhead to jobs at...
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