Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $4,010 and twojobs in process: Job No.429 $2,590, and Job No. 430 $1420. During May, a summary of source documents reveals the following Job Number 429 430 431 Materials Requisition Slips $2,760 3,860 4,950 $11,570 910 $12.480 Labor Time Tickets $2,300 3400 7,800 $13,500 1,700 $15.200 General use Szine Company applies manufacturing overhead to jobs at an averhead rate of 61% of direct labor cost. Job No.429 is completed during the month Your newer is correct Prepare summary ouma entries to record 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 May 1 Balance 4010 May 31 May 31 11570 May 31 13500 May 31 8235 May 31 Balance 37315 Direct Material Job Cost Sheets Direct Labor Manufacturing Overhead Total 3860 $ 3400 2040 4950 7800 8810 11200 $ Textbook and Media