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Please help! Due tonight, I got the first part but I need help with the rest. Stine Company uses a job order cost system. On

Please help! Due tonight, I got the first part but I need help with the rest. image text in transcribed
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Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,770 and two jobs in process: Job No. 429 $2,430, and Job No. 430 $1,340. During May, a summary of source documents reveals the following. Job Number 429 430 431 General use Materials Requisition Slips $2,940 3,850 4.680 $11.470 940 $12,410 Labor Time Tickets $2,300 3,400 8,200 $13.900 1,570 $15,470 Stine Company applies manufacturing overhead to jobs at an overhead rate of 68% of direct labor cost. Job No.429 is completed during the month. Prepare 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. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit lo. Date Account Titles and Explanation May 1) Work in Process Inventory 11.470 31 Manufacturing Overhead 940 Raw Materials Inventory 12,410 2) 31 Work in Process Inventory 13,900 Manufacturing Overhead 1.570 Factory Labor 15,470 3) 3) 31 9,452 Work in Process Inventory Manufacturing Overhead 9,452 +) 31 Finished Goods Inventory 9,234 Work in Process Inventory 9,234 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. Beginning Work in Process Direct Material Job Cost Sheets Direct Labor 430 $ $ $ 431 $ $ $ Manufacturing Overhead Total $ $ $ $

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