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signrnentman assignments takeAssignmentsessionLocator akers or rwoker - =assignment-take inprogress Book Calculator Print Item (Appendix 4A) Journal Entries Chart of Accounts Amount Descriptions Journal Job-Order Cost

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signrnentman assignments takeAssignmentsessionLocator akers or rwoker - =assignment-take inprogress Book Calculator Print Item (Appendix 4A) Journal Entries Chart of Accounts Amount Descriptions Journal Job-Order Cost Sheets Instructions Yurman Inc. uses a job-order costing system. During the month of May, the following transactions occurred: May Purchased materials on account for $29,730. Requisitioned materials totaling $24,470 for use in production. Of the total, $9,220 was for Job 58, $8,850 for Job 59, and the remainder for Job 60. Incurred direct labor for the month of $30,600, with an average wage of $17 per hour. Job 58 used 780 hours; Job 59, 620 hours; and Job 60, 400 hours. 1 3 31 31 Incurred and paid actual overhead of $17,930 (credit Various Payables). 31 Charged overhead to production at the rate of $4.70 per direct labor hour. 31 Completed and transferred Jobs 58 and 59 to Finished Goods. 1 Sold Job 57 (see beginning balance of Finished Goods) and Job 58 to their respective Clients on account for a price of cost plus 40%. Beginning balances as of May 1 were: Materials $2,330 Work in Process Check My Work 3 more Check My Work uses remaining

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