Question: Not sure how to do this, please help Crane Company uses a job order cost system. On May 1, the company has a balance in

Not sure how to do this, please help

Crane Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $2,870 and two jobs in process: Job No. 429 $1,640, and Job No. 430 $1,230. During May, a summary of source documents reveals the following. Materials Labor Ti me Job Number Requisition Slips Tickets 42 9 $2,050 $ 1,560 430 2,870 2,460 431 3,610 $8,530 6,250 $10,270 General use 660 980 $9,190 $112 50 Crane Company applies manufacturing overhead to jobs at an overhead rate of 60% of direct labor cost. Job No. 429 is completed duringthe month.

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