Exercise 20-2 Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $4,210 and two jobs in process: Job No. 429 $2,550, and Job No. 430 $1,660. During May, a summary of source documents reveals the following. Materials Requisition Slips Labor Time Tickets Job Number 429 $2,670 $2,150 430 3,830 3,560 8,150 $13,860 431 4,720 $11,220 General use 920 1,610 $12,140 $15,470 Stine Company applies manufacturing overhead to jobs at an overhead rate of 66% of direct labor cost. Job No. 429 is completed during the month. Prepare 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. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275.) Account Titles and Explanation Debit Credit No. Date (1) May 31 (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. Round answers to 0 decimal places, e.g. 5,275.) Work in Process Inventory Job Cost Sheets Job Beginning Work in Process Direct Material Direct Labor Manufacturing Overhead Total No. 430 431 Open Show Work Click if you would like to Show Work for this