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 two jobs in process: Job No. 429 $2,590, and Job No. 430 $1,420. During May, a summary of source documents reveals the following.

Exercise 20-2 (Part Level Submission) 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 two jobs in process: Job No. 429 $2,590, and Job No. 430 $1,420. During May, a summary of source documents reveals the following. Materials Requisition Slips Labor Time Tickets Job Number 429 430 $2,760 3,860 4,950 $2,300 3,410 7,810 431 General use $11,570 910 $12,480 $13,520 1,700 $15,220 Stine Company applies manufacturing overhead to jobs at an overhead rate of 61% of direct labor cost. Job No. 429 is completed during the month. (a) 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. Round answers to o decimal places, e.g. 5,275.) No. Date Account Titles and Explanation Debit Credit (1) May 31 Work in Process Inventory 11570 Manufacturing Overhead 910 Raw Materials Inventory 12480 (2) 31 Work in Process Inventory 13520 Manufacturing Overhead 1700 Factory Labor 15220 (3) 31 Work in Process Inventory 9247 Manufacturing Overhead 8247 (4) 31 Finished Goods Inventory Work in Process Inventory Screenshot