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Question 1 of 9 -12 Sunland Company uses a job order cost system. On May 1, the company has a balance in Work in Process

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Question 1 of 9 -12 Sunland Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $4.210 ar two jobs in process: Job No. 429 $2,420, and Job No.430 $1.790. During May, a summary of source documents reveals the following Materials Labor Time Job Number Requisition Slips Tickets 429 $3,020 $2,300 430 3,740 3.100 431 4,920 $11,680 7,800 $13,200 General use 960 1,520 $12,640 $14.720 Sunland Company applies manufacturing overhead to jobs at an overhead rate of 62% of direct labor cost. Job No.429 is complet during the month (a) 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.) No. Date Account Tities and Explanation Debit Credit May (1) 31 (2) 31 (3) 31 (4) 31

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