Exercise 15-02 a-b (Video) (Part Level Submission) Swifty Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,910 and two jobs in process: Job No. 429 $2,460, and Job No. 430 $1,450. During May, a summary of source documents reveals the following. Job Number Materials Requisition Slips Labor Time Tickets 429 430 $2,900 3,940 4,670 $2,100 3,100 7,800 431 General use $11,510 950 $12,460 $13,000 1,370 $14,370 Swifty Company applies manufacturing overhead to jobs at an overhead rate of 69% of direct labor cost. Job No. 429 is completed during the month. (b) Your answer is partially correct. Try again. 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 May 31 8909 May 1 Balance 9 May 31 1 May 31 May 31 1 May 31 Balance : 3 910 11510 13000 8970 T 37000 897 L May 31 Balance - 37000 Job Beginning Work No. in Process Job Cost Sheets Direct Direct Material Labor Manufacturing Overhead Total 430 1450 940 2139 10629 431 4670 7800) 5382 17852 - 1450 90 7521 28481 A Click if you would like to Show Work for this question: Open Show Work