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(9 points - 3 each) Grant Manufacturing uses a job order cost accounting system. On April 1, the company has Work in Process Inventory of

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(9 points - 3 each) Grant Manufacturing uses a job order cost accounting system. On April 1, the company has Work in Process Inventory of $7,400 and two jobs in process: Job No. 221, $3,400, and Job No. 222, $4,000. During April, a summary of source documents reveals the following: Labor Time Tickets For Job No. 221 222 223 224 General use Totals Materials Requisition Slips $1,300 $1,700 1,800 2,000 2,500 2,600 2,600 3,000 800 400 $2,000 $2,700 Grant applies manufacturing overhead to jobs at an overhead rate of 65% of direct labor cost. Job No. 221 is completed during the month. Instructions Calculate the balance of the Work in Process Inventory account at April 30. B I VA -A- IE *111*, - D 2N VW TT 12pt HTML Editor E - Paragraph O words

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