Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $4,080 and two jobs in process. Job No. 429 $2,330, and Job No. 430 $1,750. During May, a summary of source documents reveals the following Materials Requisition Slips Job Number 429 Labor Time Tickets $2.790 $2,130 430 4,080 3,460 431 4,830 $11,700 8,160 $13,750 General use 960 1,680 $12,660 $15,430 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 Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $4,080 and two jobs in process. Job No. 429 $2,330, and Job No. 430 $1,750. During May, a summary of source documents reveals the following Materials Requisition Slips Job Number 429 Labor Time Tickets $2.790 $2,130 430 4,080 3,460 431 4,830 $11,700 8,160 $13,750 General use 960 1,680 $12,660 $15,430 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 Date Account Titles and Explanation Debit Credit May 31 Work in Process Inventory 11700 Manufacturing Overhead 960 Raw Materials Inventory 12660 31 Work in Process Inventory 13800 Manufacturing Overhead 1680 Factory Labor 15480 31 Work in Process Inventory 8832 8832 Manufacturing Overhead 31 Finished Goods Inventory 8564 8564 Work in Process Inventory