11. Kline Inc.uses a job order costing system. Job 429 was partially completed and had $2,000 on its job cost sheet at the start of the month. Job 430 was partially completed and had $1,500 on its job cost sheet at the start of the month. In May, the following costs were incurred: Job 429 Job 430 Job 431 Direct Materials $2,500 3,500 4,400 Direct Labor $1,900 3,000 7,600 Job 429 and Job 431 were completed during May, and Job 431 was sold. Kline applies overhead using a cost driver rate of 160% of direct labor cost. Please post the appropriate entries to the job cost sheets (provide all three job cost sheets), and to the T accounts Work-in-Process Inventory and Finished Goods Inventory. The beginning balance in Finished Goods Inventory was zero. Be sure to show the ending balances in Work-in-Process Inventory and Finished Goods Inventory

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11. Kline Inc.uses a job order costing system. Job 429 was partially completed and had
$2,000 on its job cost sheet at the start of the month. Job 430 was partially completed
and had $1,500 on its job cost sheet at the start of the month. In May, the following costs
were incurred:
Job 429
Job 430
Job 431
Direct Materials
$ 2,500
3,500
4,400
Direct Labor
$ 1,900
3,000
7,600
Job 429 and Job 431 were completed during May, and Job 431 was sold.
Kline applies overhead using a cost driver rate of 160% of direct labor cost. Please post
the appropriate entries to the job cost sheets (provide all three job cost sheets), and to the
T accounts Work-in-Process Inventory and Finished Goods Inventory. The beginning
balance in Finished Goods Inventory was zero. Be sure to show the ending balances in
Work-in-Process Inventory and Finished Goods Inventory
Transcribed Image Text:11. Kline Inc.uses a job order costing system. Job 429 was partially completed and had $2,000 on its job cost sheet at the start of the month. Job 430 was partially completed and had $1,500 on its job cost sheet at the start of the month. In May, the following costs were incurred: Job 429 Job 430 Job 431 Direct Materials $ 2,500 3,500 4,400 Direct Labor $ 1,900 3,000 7,600 Job 429 and Job 431 were completed during May, and Job 431 was sold. Kline applies overhead using a cost driver rate of 160% of direct labor cost. Please post the appropriate entries to the job cost sheets (provide all three job cost sheets), and to the T accounts Work-in-Process Inventory and Finished Goods Inventory. The beginning balance in Finished Goods Inventory was zero. Be sure to show the ending balances in Work-in-Process Inventory and Finished Goods Inventory
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