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a) Journalize Entries b) Job Cost sheet 0.94/2 Question 10 View Policies Show Attempt History Current Attempt in Progress Concord Company uses a job order

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a) Journalize Entries
b) Job Cost sheet
image text in transcribed
0.94/2 Question 10 View Policies Show Attempt History Current Attempt in Progress Concord Company uses a job order cost system. On May 1, the company has a balance in Work in Process Triventory of $3.940 and two jobs in process: Job No. 429 $2,160, and Job No 430 $1,780. During May, a summary of source documents reveals the following 429 Materials Job Number Requisition Slips $2.770 430 3.910 431 4.920 $11,600 General use Labor Time Tickets $2,100 3.300 8,200 $13.600 1,600 $15.000 $12540 Concord Company applies manufacturing overhead to jobs at an overhead rate of 6% of direct bortJob No.429 is completed during the month Debit Credit No. Date Account Titles and Explanation (1) May 31 Work in Process inventory Manufacturing Overhead Raw Materials inventory (2) 31 Work in Process Inventory Manufacturing Overhead Factory Labor (3) 31 Work in Process inventory Manufacturing Overhead (4) 31 Finished Good mentory Work in Process inventory

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