Describe the agreement of the control account with the job


Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,980 and two jobs in process: Job No. 429 $2,390, and Job No. 430 $1,590. During May, a summary of source documents reveals the following.

Job Number


Materials
Requisition Slips


Labor Time
Tickets

429
$2,840


$2,320

430
3,950


3,420

431
4,940
$11,730
7,700
$13,440
General use


980


1,600




$12,710


$15,040

Stine Company applies manufacturing overhead to jobs at an overhead rate of 70% of direct labor cost. Job No. 429 is completed during the month.

Post the entries to Work in Process Inventory, and prove the agreement of the control account with the job cost sheets.

Job Cost Sheets

Job
No.


Beginning Work
in Process


Direct
Material


Direct
Labor


Manufacturing
Overhead



Total

430

$


$


$


$


$

431







$


$


$


$


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Accounting Basics: Describe the agreement of the control account with the job
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