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/15 E View Policies Current Attempt in Progress Crane Company uses a job order cost system. On May 1, the company has a balance in
/15 E View Policies Current Attempt in Progress Crane Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $4,410 and two Jobs in process: Job No. 429 $2.520, and Job No. 430 $1,890. During May, a summary of source documents reveals the following Job Number Materials Region Slips Labor Time Tickets 429 $3.150 $2.440 430 4410 3.780 431 5.590 $13.150 9.550 $15,770 General use 1,100 1420 $14.250 $17.190 Crane Company applies manufacturing overhead to jobs at an overhead rate of 60% of direct labor cost. Job No. 429 is completed during the month uestion 1 of 6 < May 31 Balance v 33218 Job No. Being Work Procesy 431 Direct Material Job Cost Sheets -/15 E Direct Labor Manufacturing Overhead
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