S Weygandt, Managerial Accounting, se WileyPLUS: MYWYPLUS I Help Contact IL MANAGERIAL ACCOUNTING (ACCT Grace Period: 2 days left Register ctice Assignment Gradebook ORION Downloadable eTextbook inment CALCULATOR FULL SCREEN PRINTER VERSION BACK NE Exercise 2A-2 (Part Level Submission) Waterway Company uses a job order cost system. On May 1, the company has balances in Raw Materials Inventory of $15,900 and Work in Process Inventory of $3,900 and two Jobs in process: Job No. 429 $2.450, and Job No. 430 $1,450. During May, the company incurred factory labor of $15,080. A summary of source documents reveals the following Materials Labor Time Job Number Requisition Slips Tickets 429 $3,000 $2,200 430 3,730 3,400 431 4,710 $11,440 8,150 $13,750 General use 980 1,330 $12,420 $15,080 Waterway Company applies manufacturing overhead to jobs at an overhead rate of 60% of direct labor cost. Job No. 429 is completed during the month (ab) Your answer is correct (a) Record the May 1. Inventory balances and the factory tabor incurred (6) Record (1) material usage from requisition ships (2) factory tabor usage from time tickets, (3) the assignment de manufacturing overhead to jobs, and (4) the completion of Job No. 429 (Enter negative amounts using either a negative sign preceding the number e.g.-15 or parentheses g. (45).) Manufacturing Costs Vs Lego MANAGERIAL ACCOUNTING (ACCT 2130 Grace Period: 2 days left Register Now Assignment Gradebook ORION Downloadable eTextbook hent CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Manufacturing Costs Raw Materials Inventory Factory Labor Manufacturing Overhead Work in Process Inventory Finished Goods Inventory 15900 3900 (a) Balances (a) Incurred factory labor 15080 (b) Direct materials -11440 11940 (6) Indirect materials -980 990 (b) Direct labor -13750 13750 (b) Indirect labor 1330 13301 (b) Assign Manufacturing overhead -8250 250 (b) Completion of job No. 429 -8970 8970 Balance 3430 -5940 28370 8970 Click if you would like to show Work for this questions Open Show Work SHON AWER Prove the agreement of the Work in Process Inventory control account with the job cost sheets. Job Cost Sheets Job Beginning Work Direct Direct Manufacturing No. in Process Material Labor Overhead Total 430 431 Click it you would like to Show Work for this question: Open Show Work