1250 - $116, 608 103 units 22, 603 Paint 65 units 851 50 525 Total cost $143, 525 On May 4, the company began working on two technopresses: Job 102 for Worldwide Company and Job 103 for Reuben Company a. Purchased raw materials on credit and recorded the following information from receiving reports and Invoices. Receiving Report No. 426, Material M. 290 units at $290 each. Receiving Report No. 427, Material R. 95 unite at $220 mach. instructions: Record these purchases with a single journal entry. Enter the receiving report information on the materia's ledger cards b. Requestioned the following raw materials for production. Requisition No. 35, for Job 102, 216 units of Material M Requisition No. 36, for Job 102. 72 unme of Material R. Requisition No. 37, for Job 103. 112 units of Material M. Requisition No. 38, for Job 103, 76 units of Material R. Requisition No. 39, for 17 units of paint. Instructions: Enter amounts for direct materials requisitions on the materials ledger cards and the job cost sheets. Enter the Indirect ala amount on the materials ledger card. cl Received the following employe me tickets for work Time tickets Nos. 1 to 10 for direct labor on Job 102. $82 000, Time tickets Nos. 11 to 30 for direct labor on Job 103, $55,000 Time tickets Nos. 31 to 36 for equipment repairs, $19.250 Instructions: Re d direct labor from the time Bckets the job cost an d. Paid cash for the following items during the month factory payroll, $156 250, and miscell d Items. $124,000. Use time tickets to record the total direct and Indirect labor costs. c. Finished Job 102 and transferred it to the warehouse. The company assigns ove sch job with a predetermined overhead rate equal to 80% of direct labor cost. netructions: Enter the allocated overhead on the cost chest for Job 102, fill in the cost summary section of the cost sheets E. Delivered Job 102 and accepted the customer's promise to pay $590,000 within 30 days. 9- Applied overhead cost to Job 103 based on the job's direct spor to date. Required: complete the materials ledger cards for Material M, Material R. and paint using the Information given in part s and b. Complete the Job cost sheets for Jobs 102 and 103 using the Information given in part s, b. c and =. Prepare journal entries for part s through g. Complete this question by entering your answers in the tabs below. complete the materials ledger cards for Material M, Material R. and paint MATERIAL & LEDGER CARD tom Roomlvad Date Unite|Unit Price Total Price Requicktion|Unite|unit Price Total Price unite Unis Price Total Price Date Fincalving