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need some help with accounting (a) Record the May 1 inventory balances and the factorylabor incurred. (b) Record (1) material usage from requisition stips, (2)

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(a) Record the May 1 inventory balances and the factorylabor incurred. (b) Record (1) material usage from requisition stips, (2) factory labor usage from time tickets, (3) the assignment of manufacturing overhead to jobs, and (4) the completion of Job No. 429. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45).) Manufacturing Costs Factory Labor 5 Manufacturing Overhead Work in Process Inventory Finished Goods Insentory 5 s 5 5 Sheridan Company uses a job order cost system. On May 1, the compary has balances in Raw Materials Imventory of $15,500 and Work in Process inventory of \$4, 170 and two jobs in process: Job No. 429 \$2,490, and Job No. 430 \$1,680. During May, the compamy incurred factory labor of $15,150. A summary of source documents reveals the following- Sheridan Company applies manufacturing overhead to jobs at an overhesd rate of 70% of direct labor cost. Job No. 429 is compioted during the month. (a) Balances (b) Incurredfactoryiabor (b) Directmaterials (b) Indirect materials (b) Directiatior (b) Indirect labor (b) Assign Manufacturing overhead (b) Completion of job No. 42 ? Bulance

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