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.

Job Number		Materials Requisition Slips				Labor Time Tickets
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.

Question 1 of 6 -/5 E View Policies Current Attempt in Progress 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. Part 1 Prepare May 31 summaryjournal 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.) Debit Credit No. Date Account Titles and Explanation (1) May 31 (2) 31 (3) 31 (4) 31