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Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3.910 and two jobs in process: Job No. 429 $2.460, and Job No. 430 $1,450. During May, a summary of source documents reveals the following. Job Number 429 430 431 General use Materials Requisition Slips 52.900 3.940 4,670 $11,510 950 $12.460 Labor Time Tickets $2,100 3,100 7.800 $13.000 1370 $14,370 Stine Company applies manufacturing overhead to jobs at an overhead rate of 69% of direct labor cost. Job No. 429 is completed during the month Prepare summary journal entries to record (1) the requisition slips. (2) the time tickets, (3) the assignment of manufacturing overhead to jobs, and (4) the completion of Job No. 429. (Credit account titles are automatically indented when amount is entered. Do not Indent manually) Debit Credit No. Date Account Titles and Explanation (1) May 31 (2) 31 (3) 31 Post the entries to Work in Process Inventory, and prove the agreement of the control account with the job cost sheets. (Post entries in the order of journal entries presented in the previous part.) Work in Process Inventory Job No. Beginning Work in Process Job Cost Sheets Direct Labor Direct Material Manufact Overhe 430 $ $ $ 431 List of Accounts

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