Coronado Company uses a job order cost system. On May 1, the company has balances in Raw Materials Inventory of $15,900 and Work in Process Inventory of $4,080 and two jobs in process: Job No. 429 $2,590, and Job No. 430 $1,490. During May, the company incurred factory labor of $15,080. A summary of source documents reveals the following Job Number Materials Requisition Slips Labor Time Tickets 429 $2,870 $2,130 430 3,660 3,580 431 4,500 $11,030 7.740 $13,450 General use 990 1,630 $12,020 $15,080 Coronado Company applies manufacturing overhead to jobs at an overhead rate of 70% of direct labor cost. Job No. 429 is completed during the month. (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 Manufacturing Costs Raw Materials Inventory Factory Labor 15900 -11030 -990 15080 -13450 -1630 i 3880 $ Manufacturi Manufacturing Overhead Work in Process Inventory Finished Goods Inventory 990 1630 -9415 4080 11030 13450 9415 -9081 9081 -6795 $ 28894 9081 Prove the agreement of the Work in Process Inventory control account with the job cost sheets. Job No. Beginning Work in Process Direct Material 430 $ 431 Job Cost Sheets Direct Labor Manufacturing Overhead