Exercise 167 Foster Manufacturing uses a job order cost accounting system. On April 1, the company has Work in Process Inventory of $7,600 and two jobs in process: Job No. 221, $3,600, and Job No. 222, $4,000. During April, a summary of source documents reveals the following: For Materials Requisition Slips Labor Time Tickets Job No. 221 $1,200 $2,100 222 1,700 2,200 223 2,400 2,900 224 2,600 2,800 General use 600 400 Totals $8,500 $10,400 Foster applies manufacturing overhead to jobs at an overhead rate of 70% of direct labor cost. Job No. 221 is completed during the month. 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.) Date Account Titles and Explanation Debit Credit April 30 (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) SHOW LIST OF ACCOUNTS Calculate the balance of the Work in Process Inventory account at April 30. Work in Process Inventory account at April 30 $