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Your answer is correct. Prepare summary journal entries to record (1) the requisition slips, (2) the time tickets, (3) the assignment of manufacturing overhead
Your answer is correct. Prepare summary journal entries to record (1) the requisition slips, (2) the time tickets, (3) the assignment of manufacturing overhead to jobs, and (4) the completion of Job No. 429. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation May (1) Work in Process Inventory 31 Manufacturing Overhead Raw Materials Inventory Debit 11220 920 (2) 31 Work in Process Inventory 14000 Manufacturing Overhead 1610 Factory Labor 9240 (3) 31 Work in Process Inventory Manufacturing Overhead (4) 31 Finished Goods Inventory Work in Process Inventory 8872 Credit 12140 15610 9240 8872
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