crane manufacturing uses a job order cost system. on april 1, the company has work in process inventory of 7,880 and two jobs in process: job no 221, 3750 and job no. 222 4160 during april a summary of source document reveals the following

Crane Manufacturing uses a job order cost system. On April 1, the company has Work in Process Inventory of $7,880 and two jobs in process: Job No. 221. $3,720, and Job No. 222, $4,160. During April, a summary of source documents reveals the following: For Materials Requisition Slips Labor Time Tickets Job No. 221 $1,200 $2,160 222 1,720 2,240 223 2,520 3,040 224 2,680 2,960 General use 600 440 Totals $8,720 $10,840 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) Prepare summary journal entries to record the raw materials requisitioned, factory labor used, the assignment of manufacturing overhead to jobs, and the completion of Job No. 221. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit April 30 (To record the raw materials requisitioned) (To record the raw materials requisitioned) (To record factory labor used) (To record the assignment of manufacturing overhead to jobs) (To record the compleion of job no. 221) 10 000 OH IKON