a)

Milner Manufacturing uses a job-order costing system. On May 1, the company has a balance in Work in Process Inventory of $3,400 and two jobs in process: Job No. 429 $2,190, and Job No. 430 $1,210. During May, a summary of source documents reveals the following: Job Number Materials Requisition Slips Labour Time Tickets 429 $2,280 $2,020 430 3,810 3,230 431 4,640 $10,730 7,690 $12,940 General use 1,200 1,510 $11.930 $14,450 Milner Manufacturing applies manufacturing overhead to jobs at an overhead rate of 60% of direct labour cost. Job No. 429 is ctivate completed during the month. (a) Prepare summary journal entries to record the: (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 1. requisition slips 2. time tickets 3. assignment of manufacturing overhead to jobs 4 completion of Job No.429 Work in Process Inventory 31 Manufacturing Overhead Raw Materials Inventory 2. May 31 3. May 31 May 4. 31