Oriole Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,080 and two jobs in process: Job No. 429 $1,760, and Job No. 430 $1,320. During May, a summary of source documents reveals the following.

Job Number		Materials Requisition Slips				Labor Time Tickets
429		$2,200				$1,680
430		3,080				2,640
431		3,880		$9,160		6,700		$11,020
General use				720				1,040
				$9,880				$12,060

Oriole Company applies manufacturing overhead to jobs at an overhead rate of 60% of direct labor cost. Job No. 429 is completed during the month.

Part 1

Prepare May 31 summary journal entries to record (1) the requisition slips, (2) the time tickets, (3) the assignment of manufacturing overhead to jobs, and (4) the completion of Job No. 429. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.	Date	Account Titles and Explanation	Debit	Credit
(1)	May 31	enter an account title for the journal entry on May 31	enter a debit amount	enter a credit amount
		enter an account title for the journal entry on May 31	enter a debit amount	enter a credit amount
		enter an account title for the journal entry on May 31	enter a debit amount	enter a credit amount
(2)	31	enter an account title for the journal entry on May 31	enter a debit amount	enter a credit amount
		enter an account title for the journal entry on May 31	enter a debit amount	enter a credit amount
		enter an account title for the journal entry on May 31	enter a debit amount	enter a credit amount
(3)	31	enter an account title for the journal entry on May 31	enter a debit amount	enter a credit amount
		enter an account title for the journal entry on May 31	enter a debit amount	enter a credit amount
(4)	31	enter an account title for the journal entry on May 31	enter a debit amount	enter a credit amount
		enter an account title for the journal entry on May 31	enter a debit amount	enter a credit amount

Post the entries to Work in Process Inventory, and prove the agreement of the control account with the job cost sheets. (Post entries in the order of journal entries presented in the previous part.)

Work in Process Inventory
enter a debit amount May 1 BalanceMay 31May 31 Balance	enter a debit amount	choose a transaction date May 31 BalanceMay 31May 1 Balance	enter a credit amount
choose a transaction date May 31 BalanceMay 31May 1 Balance	enter a debit amount	choose a transaction date May 31May 1 BalanceMay 31 Balance	enter a credit amount
choose a transaction date May 1 BalanceMay 31May 31 Balance	enter a debit amount	choose a transaction date May 31 BalanceMay 1 BalanceMay 31	enter a credit amount
choose a transaction date May 31May 1 BalanceMay 31 Balance	enter a debit amount	choose a transaction date May 1 BalanceMay 31 BalanceMay 31	enter a credit amount
choose the end date of the accounting period May 31May 31 BalanceMay 1 Balance	enter a debit balance	choose the end date of the accounting period May 31May 1 BalanceMay 31 Balance	enter a credit balance

Job Cost Sheets
Job No.		Beginning Work in Process		Direct Material		Direct Labor		Manufacturing Overhead		Total
430		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
431		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
		$enter a total amount		$enter a total amount		$enter a total amount		$enter a total amount		$enter a total amount