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Question Bayview.Canporation on May 1 has a Work-in Process balance of $3,000 and two jobs in process Job 229 $2,000 and job 230 $1,000. The

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Question Bayview.Canporation on May 1 has a Work-in Process balance of $3,000 and two jobs in process Job 229 $2,000 and job 230 $1,000. The company also estimates pre determined overhead rate Pdor) based on direct labor costs. The estimated manufacturing overhead for the year was $120.000..and the estimated direct labor costs was $125,000. During May a summary sexcals. Job no Materials requisition slips Time tickets 229 $1,500 $2,400 230 4.500 2,000 3,400 8,000 General use 800 1,200 231 The company applies manufacturing overhead to jobs based on the Pidos. Job no 229.is completed during the month. Required: a) Journalize the completion of job no 229 (5 marks) b) Prepare the Work-in process inventory account showing the Balance carried down cd L2 marks)

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