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are automatically indented when amount is entered. Do not indent manually. ) No . Date Account Titles and Explanation Debit Credit ( 1 ) May

are automatically indented when amount is entered. Do not indent manually.)
No. Date Account Titles and Explanation
Debit
Credit
(1) May Work in Process Inventory
Manufacturing Overhead
Raw Materials Inventory
(2)31 Work in Process Inventory
Manufacturing Overhead
Salaries and Wages Payable
1,380
(3)31 Work in Process Inventory
9,162
Manufacturing Overhead
(4)31 Finished Goods Inventory
Work in Process Inventory
3
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0.431
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Wildhorse Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $4,270 and two jobs in process: Job No.429 $2,440, and Job No.430 $1,830. During May, a summary of source documents reveals the following.
\table[[Job Number,\table[[Materials],[Requisition Slips]],\table[[Labor Time],[Tickets]]],[429,$3,050,,$ 2,360,],[430,4,270,,3,660,],[431,5,410,$12,730,9,250,$15,270],[General use,,1,060,,1,380],[,,$ 13,790,,$16,650]]
Wildhorse Company applies manufacturing overhead to jobs at an overhead rate of 60% of direct labor cost. Job No.429 is completed during the month.
(a)
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