Pharoah Company uses a job order cost system. On May 1, the company has a balance in Work in Prices entory 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. Labor Time Job Number Materials Requisition Slips Tickets 429 $2,250 $1,720 430 3.150. 2,700 431 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. 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.) rk May 1 Balance May 31 Work in Process Inventory 3150 May 31 9370 May 31 11270 May 31 6762 May 31 Balance 30552 1350 1350 Direct Material Job Cost Sheets Direct Labor eTextbook and Media List of Accounts 3150 3970 2700 6850 7120 $ 9550 $ 6802 Manufacturing Overhead Total