Pharoah Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,150 and two jobs in process: Job No. 429 $1,800, and Job No. 430 $1,350. During May, a summary of source documents reveals the following. Job Number Labor Time Tickets $1,720 Materials Requisition Slips 429 $2,250 430 3,150 2,700 4311 3,970 $9,370 6,850 $11.270 General use 740 1,060 $10,110 $12,330 Pharoah Company applies manufacturing overhead to jobs at an overhead rate of 60% of direct labor cost. Job No. 429 is completed during the month. Your answer is correct. Prepare May 31 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. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit (1) May 31 Work in Process Inventory 9370 Manufacturing Overhead 740 Raw Materials Inventory (2) 31 Work in Process Inventory 11270 Manufacturing Overhead 1060 Factory Labor (3) 31 Work in Process Inventory 6762 Manufacturing Overhead (4) 31 Finished Goods Inventory Work in Process Inventory 6802 Credit 10110 12330 6762 6802 entries in the order or jourful end Work in Process Inventory May 1 Balance May 31 3150 May 31 6802 9370 May 31 11270 May 31 6762 May 31 Balance Job No. 430 $ 431 Beginning Work in Process 1350 $ 1350 $ in Direct Material Job Cost Sheets Direct Labor 3150 2700 Manufacturir Overhead 6850 9550 $ Direct Material Job Cost Sheets Direct Labor 3150 $ 2700 6850 9550 $ Manufacturing Overhead Total