Sunland Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $4,060 and two jobs in process: Job No. 429 $2,320, and Job No. 430 $1,740. During May, a summary of source documents reveals the following Materials Requisition Slips Labor Time Tickets Job Number 429 $2,900 $2,240 430 4,060 3,480 431 5,140 $12,100 8,800 $14,520 General use 1,000 1,320 $13,100 $15,840 Sunland Company applies manufacturing overhead to jobs at an overhead rate of 60% of direct labor cost. Job No. 429 is completed during the month. Prepare May 31 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. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit (1) May 31 Work in Process Inventory 12100 Manufacturing Overhead 1000 Raw Materials Inventory 13100 (2) 31 Work in Process Inventory 14520 Manufacturing Overhead 1320 Factory Labor 15840 (3) 31 Work in Process Inventory 8712 Manufacturing Overhead 8712 (4) 31 Finished Goods Inventory 8804 Work in Process Inventory 8804 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 Job Cost Sheets Job No. Beginning Work in Process Direct Material Direct Labor Manufacturin Overhead 430 $ $ $ $ 431 $ $ $ $ Total $ $