Question: Current Attempt in Progress Foster Manufacturing uses a job order cost accounting system. On April 1, the company has Work in Process Inventory of $7,600

 Current Attempt in Progress Foster Manufacturing uses a job order cost

Current Attempt in Progress Foster Manufacturing uses a job order cost accounting system. On April 1, the company has Work in Process Inventory of $7,600 and two jobs in process: Job No. 221, $3,600, and Job No. 222, $4,000. During April, a summary of source documents reveals the following: Foster applies manufacturing overhead to jobs at an overhead rate of 70% of direct labor cost. Job No. 221 is completed during the month. Question 4 of 7 15 (a) Using the grid below enter the beginning Work in Process balance, prepare summary entries to record the raw materials requisitioned, factory labor used, the assignment of manufacturing overhead to jobs, and the completion of Job No. 221. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) criumg valdice Using the grid below enter the beginning Work in Process balance, prepare summary entries to record the raw materials requisitioned, factory labor used, the assignment of manufacturing overhead to jobs, and the completion of Job No. 221. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Current Attempt in Progress Foster Manufacturing uses a job order cost accounting system. On April 1, the company has Work in Process Inventory of $7,600 and two jobs in process: Job No. 221, $3,600, and Job No. 222, $4,000. During April, a summary of source documents reveals the following: Foster applies manufacturing overhead to jobs at an overhead rate of 70% of direct labor cost. Job No. 221 is completed during the month. Question 4 of 7 15 (a) Using the grid below enter the beginning Work in Process balance, prepare summary entries to record the raw materials requisitioned, factory labor used, the assignment of manufacturing overhead to jobs, and the completion of Job No. 221. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) criumg valdice Using the grid below enter the beginning Work in Process balance, prepare summary entries to record the raw materials requisitioned, factory labor used, the assignment of manufacturing overhead to jobs, and the completion of Job No. 221. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

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