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Oriole Company uses a job order cost system. On May 1 , the company has a balance in Work in Process Inventory of $ 4

Oriole Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $4,010 and two
jobs in process: Job No.429 $2,590, and Job No.430 $1,420. During May, a summary of source documents reveals the following.
Oriole Company applies manufacturing overhead to jobs at an overhead rate of 61% of direct labor cost. Job No.429 is completed
during the month.
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