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Sandhill Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,430 and two

Sandhill Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,430 and two jobs in process: Job No. 429 $1,960, and Job No. 430 $1,470. During May, a summary of source documents reveals the following. Job Number 429 430 431 General use Materials Requisition Slips $2,450 3,430 4,330 $10,210 820 $11,030 Labor Time Tickets $1,880 2,940 7,450 $12,270 1,140 $13,410 Sandhill Company applies manufacturing overhead to jobs at an overhead rate of 60% of direct labor cost. Job No. 429 is completed during the month.
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Sandhill Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,430 and two jobs in process: Job No. 429\$1.960, and Job No, 430\$1,470. During May, a summary of source documents reveals the following. Sandhill Company applies manufacturing overhead to jobs at an overhead rate of 60% of direct labor cost. Job Na. 429 is completed during the month Prepare May 31 summary journa 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. (List all debit entries before credit entries. Credit account titles are outomatically indented when amount is entered. Do not indent manuall x J

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