Bramble Company uses a job order cost system. On May 1, the company has balances in Raw Materials Inventory of $ 15,400 and Work in Process Inventory of $ 4,110 and two jobs in process: Job No. 429 $ 2,460, and Job No. 430 $ 1,650. During May, the company incurred factory labor of $ 15,040. A summary of source documents reveals the following.

Job Number

Materials

Requisition Slips

Labor Time

Tickets

429

$ 2,730 $ 2,330

430

3,900 3,110

431

4,830 $ 11,460 7,800 $ 13,240

General use

910 1,800

$ 12,370 $ 15,040

Bramble 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 & b)

(a) Record the May 1 inventory balances and the factory labor incurred.

(b) Record (1) material usage from requisition slips, (2) factory labor usage from time tickets, (3) the assignment of manufacturing overhead to jobs, and (4) the completion of Job No. 429.

(Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Manufacturing Costs

Raw Materials Inventory

Factory Labor

Manufacturing Overhead

Work in Process Inventory

Finished Goods Inventory

(a)

Balances

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Incurred factory labor

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(b)

Direct materials

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(b)

Indirect materials

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(b)

Direct labor

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(b)

Indirect labor

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(b)

Assign Manufacturing overhead

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(b)

Completion of job No. 429

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Balance

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