Crane Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $2,870 and two jobs in process: Job No. 429 $1,640, and Job No. 430 $1,230. During May, a summary of source documents reveals the following.

Crane Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $2,870 and two jobs in process: Job No. 429 $1,640, and Job No. 430 $1,230. During May, a summary of source documents reveals the following. Materials Requisition Slips Labor Time Tickets Job Number 429 $2,050 $1,560 430 2,870 2,460 431 3,610 $8,530 6,250 $10,270 General use 660 980 $9,190 $11,250 Crane Company applies manufacturing overhead to jobs at an overhead rate of 60% of direct labor cost. Job No. 429 is completed during the month. Prepare May 31 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. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit (1) May 31 (2 ) 2 31 (3) 31 (4) 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 Cost Sheets Job No. Beginning Work in Process Direct Material Direct Labor Man O 430 $ $ $ $ 431 $ $ $ $