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Vaughn Company uses a job order cost system. On May 1 , the company has a balance in Work in Process Inventory of $ 3

Vaughn Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,920 and two
jobs in process: Job No.429 $2,490, and Job No.430 $1,430. During May, a summary of source documents reveals the following.
Vaughn Company applies manufacturing overhead to jobs at an overhead rate of 63% 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.)
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