Sunland Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,810 and two jobs in process: Job No. 429 $2,330, and Job No. 430 $1,480. During May, a summary of source documents reveals the following Job Number Materials Requisition Slips Labor Time Tickets 429 $2.870 $2.200 430 3,930 3,400 431 4,930 $11,730 8,100 $13,700 General use 980 1,700 $12,710 $15,400 Sunland 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) Your answer is correct. 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) No. Date Account Titles and Explanation Debit Credit 1) May 31 Work in Process inventory Manufacturing Overhead 11730 900 Raw Materials Inventory 20 31 Work in Procesinentory 13700 Manufacturing Overhead 1700 Factory Labor 3) 31 Work in Proons Inventory 8357 Manufacturing Overhead 4) 31 Finished Goods Inventory Work in Process Inventory eTextbook and Media List of Accounts 872 1279 1540 674 (b) Your answer is partially correct. 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 May 31 May 31 May 31 May 31 Balance Job No. 430 $ 431 Beginning Work in Process eTextbook and Media 1480 3810 May 31 11730 13700 8357 Direct Material 3930 4930 Job Cost Sheets Direct Labor 3400 8100 1480 8860 11500 Save for Later Using multiple attempts will impact your score 10% score reduction after attempt 21 Manu Ov Attempts: 1 of 3 used Submit Answer (b) Your answer is partially correct. 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.) May 1 Balance Work in Process Inventory 3810 May 311 May 31 11730 May 31 13700 May 31 May 31 Balance Direct Material Job Cost Sheets Direct Labor 3930 $ 49301 8840 eTextbook and Media 8357 3400 8100 11500 Manufacturing Overhead Total Save for Later Attempts: 1 of 3 used Submit Answer Using multiple attempts will impact your score