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4. Foster Manufactoring uses a job order cost accounting system... Please answer :) Foster Manufacturing uses a job order cost accounting system. On April 1
4. Foster Manufactoring uses a job order cost accounting system...
Foster Manufacturing uses a job order cost accounting system. On April 1 the company has Work in Process Imventory of $7.600 and two jobs in process; Job No 221,$3,600, and Job No, 222, \$4,000. During April, a summary of source documents reveals the following: Foster applies manufacturing overhead to jobs at an overhead rate of 703 of direct labor cost. Job Na. 221 is completed during the month. (a) Using the grid below enter the beginning Work in Process balance, prepare summary entries to record the raw materials requisitioned, factory labor used, the assignment of manufacturing overhead to jobs, and the completion of Job No. 221 . (Enter nepathe amounts using either a negative sian preceding the number es -45 or parantheses es (45)] Using the grid below enter the beginning Work in Process balance, prepare summary entries to record the raw materials requisitioned, factory labor used, the assignment of manufacturing overhead to jobs, and the completion of Job No. 221. (Enter negative amounts using either a negative sign preceding the number es. -45 or parentheses eg (45)) Please answer :)
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