Question 2 of 15 -11 View Policies Current Attempt in Progress Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,890 and two jobs in process: Job No. 429 $2,540, and Job No. 430 $1,350. During May, a summary of source documents reveals the following. Job Number 429 430 431 Materials Requisition Slips $2.980 4,000 4,560 $11,540 900 Labor Time Tickets $2,100 3,500 7.700 $13,300 1,670 General use $12.440 $14,970 Stine Company applies manufacturing overhead to jobs at an overhead rate of 64% 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.) No. Date Account Titles and Explanation Debit Credit May (1) 31 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 Cost Sheets Direct Labor Direct Material Job No. Beginning Work in Process Manufacturin Overhead $ $ 430 $ 431 $ $ e Textbook and Media Stine Compare and softer completed No. Detention Debit