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Crane Manufacturing uses a job-order costing system. On May 1, the company has a balance in Work in Process Irventory of $3,800 and two jobs

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Crane Manufacturing uses a job-order costing system. On May 1, the company has a balance in Work in Process Irventory of $3,800 and two jobs in process: Job No. 429$2,150, and Job No, 430$1,650. During May, a summary of source documents reveals the following: Crane Manufacturing applies manufacturing overhead to jobs at an overhead rate of 60% of direct labour cost. Job No. 429 is completed during the month. (a) Prepare summary journal entries to record thes (Credit account titles are outomatically indented when the amount is entered. Do not indent manually.) 1. requisition slips 2. time tickets 3. assignment of manufacturing overhead to jobs 4. Completion of JobNo.429

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