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Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $4,170 and two

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Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $4,170 and two jobs in process: Job No. 429$2,490, and Job No, 430$1,680. 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. 1) May Workin Process Imventory Manufacturing Overhead Raw Materials inventory 2) 31 Work in Processimventory Factory Labor 3) 31 Work in Process Inventory Manufacturing Overhead 4) 31 Finished Goods liventory Work in Process Ifventory

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