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

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Milner Manufacturing uses a job-order costing system. On May 1, the company has a balance in Work in Process Inventory of $3,800 and two jobs in process: Job No. 429 $2,120, and Job No. 430 $1,680. During May, a summary of source documents reveals the following: Job Number Labour Time Tickets 429 Materials Requisition Slips $2,350 39 3,830 $2,020 430 3,410 7.720 4.470 431 General use $10,650 1.160 $11.810 $13,150 1,680 $14,830 Milner Manufacturing applies manufacturing overhead to jobs at an overhead rate of 60% of direct labour cost. Job No. 429 is completed during the month Prepare summary journal entries to record the: (Credit account titles are automatically 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 Job No. 429

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