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Stine Company uses a job order cost system. On May 1 , the company has balances in Raw Materials Inventory of $15,000 and Work in

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Stine Company uses a job order cost system. On May 1 , the company has balances in Raw Materials Inventory of $15,000 and Work in Process Inventory of $3,500 and two jobs in process: Job No, 429$2,000, and Job No, 430 $1,500. During May, the company incurred factory labor of $13,700. A summary of source documents reveals the following. Stine Company applies manufacturing overhead to jobs at an overhead rate of 60% of direct labor cost. Job No. 429 is completed during the month. Prove the agreement of the Work in Process Inventory control account with the job cost sheets

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