Stine Company uses a job order cost system. On May $1,$ the company has a balance in Work in Process Inventory of

$$3,920$ and two jobs in process: Job No$.429$ $$2,600,$ and Job No$.430$$$1,320.$ During May, a summary of source documents

reveals the following.

Stine Company applies manufacturing overhead to jobs at an overhead rate of $62\%$ of direct labor cost. Job No$.429$ is

completed during the month.

$($a$)$

Your answer is partially correct.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.$)$

o$.$ Date Account Titles and Explanation

Credit

$.)$ May Work in Process Inventory

Manufacturing Overhead

$!)31,$ Work in Process Inventory

Manufacturing Overhead

Factory Labor

$31,$ Work in Process Inventory

Manufacturing Overhead

t$)31,$ Finished Goods Inventory

Work in Process Inventory