Milner Manufacturing uses a job-order costing system. On May 1, the company has a balance in Work in Process Inventory of $3,500 and two jobs in process: Job No. 429 $2,110, and Job No. 430 $1,390. During May, a summary of source documents reveals the following: Job Number Materials Requisition Slips Labour Time Tickets 429 $2,260 $2,170 430 3,700 3,500 431 4,580 $10,540 7,870 $13,540 General use 1,110 1,710 $11,650 $15,250 Milner Manufacturing applies manufacturing overhead to jobs at an overhead rate of 60% of direct labour cost. Job No. 429 is completed during the month. Prepare summary journal entries to record the: (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 1. requisition slips 2. time tickets 3. assignment of manufacturing overhead to jobs 4. completion of Job No. 429 No. Date Account Titles and Explanation 1. May 31 May 31 May 3. 31 May 4. 31 Debit Credit 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 No. 430 $ 431 Beginning Work In Process Job Cost Sheets Direct Material Direct Labour Manufacturin Overhead $ $ $ $ $ $ $