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PLEASE COMPLETE THE ANSWERS THAT ARE STILL RED. THANK YOU Exercise 15-2 Stine Company uses a job order cost system. On May 1, the company
PLEASE COMPLETE THE ANSWERS THAT ARE STILL RED. THANK YOU
Exercise 15-2 Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $4,170 and two jobs in process: Job No. 429 $2,490, and Job No. 430 $1,680. During May, a summary of source documents reveals the following. Job Number Materials slips Labor Time Tickets 429 $2,100 $2,870 430 3,910 3,340 4,970 431 $11,750 8,160 $13,600 960 1,550 General use $15,150 $12,710 Stine Company applies manufacturing overhead to jobs at an overhead rate of 62% of direct labor cost. Job No. 429 is completed during the monthStep by Step Solution
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