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E20.2 (LO 1, 2, 3, 4 Stine Company as a job order con system. Oa May 1, the company has a balance in Work in

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E20.2 (LO 1, 2, 3, 4 Stine Company as a job order con system. Oa May 1, the company has a balance in Work in Process Inventory of $3.500 and two jobs in procese Job No. 429 $2.000), and July No. 430 si sco. During May, a summary of veure documents reveals the following, Malerials Labor Job Number Requisition Slips Time Tickets 429 $2.500 $1.900 430 3,000 431 4.400 $100.00 7.600 $12.500 General use SO 1.200 $11.200 $13.700 Stine Company applies manufacturing overhead to jobs at an overhead rate of 60% of direct labor cost. Job No. 429 is completed during the month. Instructions 2. Prepare summary journal entries to record (1) the requisition slips. (2) the time tickets, (3) the as- signment of manufacturing overhead to jobs, and (4) 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 cost sheets. (Use a T-account.)

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