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.

(a)

Using the grid below enter the beginning Work in Process 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

$

$

$

$

$

Direct materials

Indirect materials

Direct labor

Indirect labor

Assigned overhead

Job. No. 221 completion

Ending balance

$

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