E2-2 Stine Company uses a job order cost system. On May 1, the company has a balance in
Work in Process Inventory of $3,500 and two jobs in process: Job No. 429 $2,000, and Job
No. 430 $1,500. During May, a summary of source documents reveals the following.
Materials Labor
Job Number Requisition Slips Time Tickets
429 $2,500 $1,900
430 3,500 3,000
431 4,400 $10,400 7,600 $12,500
General use 800 1,200
$11,200 $13,700
No comments:
Post a Comment