Sheridan Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,220 and two jobs in process: Job No. 429 $1,840, and Job No. 430 $1,380. During May, a summary of source documents reveals the following. Job Number 429 430 431 General use Materials Requisition Slips $2,300 3,220 4,060 $9,580 760 $10,340 Labor Time Tickets $1,760 2,760 7,000 $11,520 1,080 $12,600 Sheridan Company applies manufacturing overhead to jobs at an overhead rate of 60% of direct labor cost. Job No. 429 is completed during the month.

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.) Sheridan Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3.220 and two jobs in process: Job No. 429$1,840, and Job No. 430$1,380. During May, a summary of source documents reveals the following. Sheridan Company applies manufacturing overhead to jobs at an overhead rate of 60% of direct labor cost. Job No. 429 is completed during the month