Crane Company uses a job order cost system. On May 1, the company has balances in Raw Materials Inventory of $15,700 and Work in Process Inventory of $3,770 and two jobs in process: Job No. 429 $2,430, and Job No. 430 $1,340. During May, the company incurred factory labor of $15,440. A summary of source documents reveals the following.

Job Number		Materials Requisition Slips				Labor Time Tickets
429		$2,940				$2,300
430		3,850				3,400
431		4,680		$11,470		8,170		$13,870
General use				940				1,570
				$12,410				$15,440

Crane 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) Record the May 1 inventory balances and the factory labor incurred. (b) Record (1) material usage from requisition slips, (2) factory labor usage from time tickets, (3) the assignment of manufacturing overhead to jobs, and (4) the completion of Job No. 429.

		Manufacturing Costs
			Raw Materials Inventory		Factory Labor		Manufacturing Overhead		Work in Process Inventory		Finished Goods Inventory
(a)	Balances		15700						3770
(b)	Incurred factory labor
(b)	Direct materials								11470
(b)	Indirect materials
(b)	Direct labor								13870
(b)	Indirect labor
(b)	Assign Manufacturing overhead
(b)	Completion of job No. 429
	Balance