Stine Manufacturing 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 $2,590 and Job No. 430 $1,390. During May, a summary of source documents reveals the following.

Stine Manufacturing applies manufacturing overhead to jobs at an overhead rate of 80% of direct labor cost. Job No. 429 is completed during the month.
a. Prepare summary journal entries to record:
(i) The requisition slips,
(ii) The time tickets,
(iii) The assignment of manufacturing overhead to jobs,
(iv) The completion of Job No. 429.
b. Post the entries to Work in Process Inventory, and prove the agreement of the control account with the job costsheets

Job Number Materials Requisition lips Labor Time Tickets 429 430 431 General use $2.630 3,690 4,880 S2,310 3,210 7.800 $11,200 906 S12,106 S13,320 1,530 $14.850