Bonita Company uses a job order cost system. On May 1, the company has balances in Raw Materials Inventory of $15,600 and Work in Process Inventory of $3,890 and two jobs in process: Job No. 429 $2,540, and Job No. 430 $1,350. During May, the company incurred factory labor of $14,990. A summary of source documents reveals the following. Job Number 429 430 431 General use Materials Requisition Slips $2,980 4,000 4,560 $11,540 Labor Time Tickets $2,070 3,520 $13,320 1,670 $14,990 900 $12,440 Bonita Company applies manufacturing overhead to jobs at an overhead rate of 60% of direct labor cost. Job No. 429 i completed during the month. Manufacturing Costs Raw Work in Materials Manufacturing Process Inventory Factory Labor Overhead Inventory Finished Goods Inventory (a) Balances (b) Incurred factory labor (b) Direct materials (b) Indirect materials (b) Direct labor (b) Indirect labor (b) Assign Manufacturing overhead (b) Completion of job No. 429 Balance