Digby Manufacturing uses a job-order cost accounting system. On April 1, the company has Work in Pro of $12,000 with two jobs in process: Job No. 323, $7,000, and Job No. 324, $5,000. During April, a summary of source documents reveals the following:

of

stion

Materials Requisition Slips

Labour Time Tickets

Job No.

323

$1,200

$2,000

324

1,700

3,700

325

7,500

3,000

326

2,400

1,800

General use

900

1,200

Totals

$13,700

$11,700

Digby applies manufacturing overhead to jobs at an overhead rate of 50% of direct labour cost. Job No. 323 is complete at the end of AprilJob 324 is sold.

Required:

aPrepare summary journal entries to record the raw materials requisitioned, factory labour used, the assignment of manufacturing overhead to jobs, and the completion of any jobs. (8 marks)

b. Calculate the balance of the Work in Process Inventory account at April 30. (2 marks)