Question

View Policies Show Attempt History Stine Company uses a job order cost system. On May 1, the company has a balance in Work inPrepare summary journal entries to record (1) the requisition slips, (2) the time tickets, (3) the assignment of manufacturinPost the entries to Work in Process Inventory, and prove the agreement of the control account with the job cost sheets. (PostJob Cost Sheets Direct Material Direct Labor Manufacturing Overhead Total $ 3900 $ 3100 1800 $ 10450 4830 7800 4914 17544 873please help me to understand why are these answers wrong

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Credit Required 1 No. Date Account titles and Explanation Debit 1) 31-May Work in process inventory $ 11,460 Manufacturing ov8,939 Required 2 Work in process inventory May 1 balane $ 4,110 May-31 $ May-31 $ 11,460 May-31 $ 13,200 May-31 $ 8,316 May 3

Add a comment
Know the answer?
Add Answer to:
please help me to understand why are these answers wrong View Policies Show Attempt History Stine...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Exercise 15-2 Exercise 15-2 Stine Company uses a job order cost system. On May 1, the...

    Exercise 15-2 Exercise 15-2 Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $4,080 and two jobs in process: Job No. 429 $2,330, and Job No. 430 $1,750. During May, a summary of source documents reveals the following Materials Requisition Slip:s Labor Time Tickets Job Number 429 430 431 General use $2,790 4,080 4,830 $2,130 3,460 8,160 $11,700 960 $12,660 $13,750 1,680 $15,430 Stine 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 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...

  • New help filling this out Stine Company uses a job order cost system. On May 1,...

    New help filling this out Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $4,210 and two jobs in process: Job No. 429 $2,550, and Job No. 430 $1,660. During May, a summary of source documents reveals the following. Stine Company applies manufacturing overhead to jobs at an overhead rate of 66% of direct labor cost. Job No. 429 is completed during the month. Materials Labor Time...

  • Exercise 20-2 Stine Company uses a job order cost system. On May 1, the company has...

    Exercise 20-2 Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,650 and two jobs in process: Job No. 429 $2,290, and Job No. 430 $1,360. During May, a summary of source documents reveals the following. Materials Labor Time Tickets Job Number Requisition Slips 429 $2,950 $2,410 3,440 430 4,000 431 4,740 $11,690 8,080 $13,930 General use 900 1,750 $12,590 $15,680 Stine Company 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 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 16-2 Stine Company uses a job order cost system. On May 1, the company has...

    Exercise 16-2 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...

  • 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 $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...

  • E15.2 (LO 1, 2, 3, 4) Stine Company uses a job order cost system. On May...

    E15.2 (LO 1, 2, 3, 4) 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. Materials Labor Job Number Requisition Slips Time Tickets 429 $2,500 3,500 4,400 $1,900 430 3,000 431 $10,400 $12,500 7,600 General use 800 1,200 $11,200 $13,700 Stine Company...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT