Crane Manufacturing uses a job order cost accounting system. On April 1, the company has Work in Process Inventory of $ 9,530 and two jobs in process: Job No. 221, $ 4,490, and Job No. 222, $ 5,040. During April, a summary of source documents reports the following:

For

Materials Requisition Slips

Labor Time Tickets

Job No.

221

$ 1,420

$ 2,600

222

2,050

2,680

223

3,070

3,700

224

3,230

3,620

General use

710

550

Totals

$ 10,480

$ 13,150

Crane applies manufacturing overhead to jobs at an overhead rate of 70% of direct labor cost. Job No. 221 is completed during the month.

(a)

Using the grid below, enter the beginning Work in Process Inventory balance, prepare summary entries to record the raw materials requisitioned, factory labor used, the assignment of manufacturing overhead to jobs, and the completion of Job No. 221. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Manufacturing Costs

Work in Process Inventory

Finished Goods Inventory

Raw Materials Inventory

Factory Labor

Manufacturing Overhead

Beginning balance

$ enter a dollar amount

$ enter a dollar amount

$ enter a dollar amount

$ enter a dollar amount

$ enter a dollar amount

Direct materials

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Indirect materials

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Direct labor

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Indirect labor

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Assigned overhead

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Job. No. 221 completion

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Ending balance

View Policies Current Attempt in Progress Crane Manufacturing uses a job order cost accounting system. On April 1, the company has Work in Process Inventory of $ 9,530 and two jobs in process: Job No. 221, $ 4,490, and Job No. 222. $ 5,040. During April, a summary of source documents reports the following: For Job No. 221 222 Materials Requisition Slips Labor Time Tickets $ 1.420 $ 2,600 2,050 2,680 3,070 3,700 3,230 3,620 223 224 General use 710 550 Totals $ 10,480 $ 13,150 Crane applies manufacturing overhead to jobs at an overhead rate of 70% of direct labor cost. Job No.221 is completed during the month (a) Using the grid below, enter the beginning Work in Process Inventory balance, prepare summary entries to record the raw materials requisitioned, factory labor used, the assignment of manufacturing overhead to jobs, and the completion of Job No. 221. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e.g. (45).) Manufacturing Costs Factory Labor Raw Materials Inventory Manufacturing Overhead Beginning balance $ $ Direct materials Indirect materials Direct labor Indirect labor Assigned overhead Job. No. 221 completion Ending balance