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Bramble Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $4,210 and two
Bramble Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $4,210 and two jobs in process: Job No. 429 $2,550, and Job No. 430 $1,660. During May, a summary of source documents reveals the following. Labor Time Materials Job Number Requisition Slips Tickets 429 $2,670 $2,200 430 3,830 3,600 431 4,720 $11,220 8,200 $14,000 General use 920 1,610 $12,140 $15,610 Bramble Company applies manufacturing overhead to jobs at an overhead rate of 66% of direct labor cost. Job No. 429 is completed during the month. (a) Your answer is partially correct. Prepare summary journal entries to record (1) the requisition slips, (2) the time tickets, (3) the assignment of manufacturing overhead to jobs, and (4) the completion of Job No. 429. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit May Work in Process Inventory 31 Manufacturing Overhead Raw Materials Inventory 11220 920 31 Work In Process Inventory 14000 Manufacturing Overhead 1610 Factory Labor 31 Work In Process Inventory Manufacturing Overhead 31 Finished Goods Inventory Work In Process Inventory eTextbook and Media 12140 15610 Save for Later Using multiple attempts will impact your score. 10% score reduction after attempt 2 Attempts: 1 of 3 used Submit Answer Post the entries to Work in Process Inventory, and prove the agreement of the control account with the job cost sheets. (Post entries in the order of journal entries presented in the previous part. Round answers to 0 decimal places, e.g. 5,275.) Work in Process Inventory Job Beginning Work No. in Process Direct Material 430 431 Job Cost Sheets Direct Manufacturing Labor Overhead Total Click if you would like to Show Work for this question: Open Show Work
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