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Part A part b Calculate the balance of the Work in Process Inventory account Cullumber Manufacturing uses a job order cost accounting system. On April

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part b

Calculate the balance of the Work in Process Inventory account

Cullumber Manufacturing uses a job order cost accounting system. On April 1. the company has Work in Process inventory of $6.330 and two jobs in procese Job No. 221.51.020 and Sob No 222.53.360. During April a summary of source documents reports the following For Job No. 221 Materials Requisition Slips Labor Time Tickets $ 1.000 $1760 1420 1.840 222 223 2020 2.4.60 224 2.180 2360 General use 500 340 Total $7.120 $8.740 Cullumber 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 prid below, enter the beginning Work in Process inventory balancs, prepare summary entries to record the materials regulitioned, actory labor ned the salment of manufacturing overhead to job wd the completion of Job No 221. Enternetve amounts using either angespreceding the number -15 or parents (451) Raw Materials inventory Manufacturing Costs Factory Labor Manufacturin Overhead Bebe $ Dealer Indirect maten Director decor 30 atv E 4 MacBAIT O 223 2020 2.440 224 2.180 2360 Generaluse 500 340 Totals $7.120 $8.740 Cullumber applies manufacturing overhead tos at an overhead 70% of direct labor cost Job No. 221 is completed during the month (a) Using the grid below. enter the beginning Work in Process inventory balance prepare summary entries to record the raw materials regid.tactory labor used the assignment of acturing overhead to jobs and the completion of Job Ne 221 Enternetve amounts using the preceding the number or portheless 450 acturing Costs Work in Process inventory ary Labor Finished Goods Inventory Manufacturing Overhead 5 Anmol bi 30 dtv A 80 F3

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