Question 1 of 3 View Policies Show Attempt History 7.5/15 Current Attempt in Progress Cullumber Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $2,940 and two jobs in process: Job No. 429 $1,680, and Job No. 430 $1,260. During May, a summary of source documents reveals the following Job Number Materials Requisition Slips Labor Time Tickets 429 $2,100 $1,600 430 2,940 2,520 431 3,700 $8,740 6,400 $10,520 General use 680 1,000 $9,420 $11,520 Cullumber Company applies manufacturing overhead to jobs at an overhead rate of 60% of direct labor cost. Job No. 429 is completed during the month.