View Policies Current Attempt in Progress Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $4.140 and two jobs in process: Job No. 429 $2,450, and Job No. 430 $1,690. During May, a summary of source documents reveals the following Job Number 429 Materials Requisition Slips $2.920 3,610 4,870 $11,400 960 430 431 General use Labor Time Tickets $2,200 3,400 8,000 $13,600 1,600 $15.200 $12,360 Stine Company applies manufacturing overhead to jobs at an overhead rate of 65% of direct labor cost Job No.429 is completed during the month (a) Your answer has been saved. See score details after the due date. 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 dccount titles are automatically Indented when amount is entered Do not indent manually) No. Date Account Titles and Explanation May (1) Work in Process Inventory 31 Debit Credit 1140 Manufacturing Overhead 960 Attempts. 1 of 1 used (b) 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 Bulance V > May 31 May 31 V May 31 v May 31 Balance Job No. Beginning Work in Process Direct Material Job Cost Sheets Direct Labor Manufa Over 430 131 Attempts:0 of 1 used Submit Answer Sao Late Last Saved 20 hours ago Saved work will to submitted on the due date Attempts: 1 of 1 used (b) 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 Direct Material Job Cost Sheets Direct Labor Manufacturing Overhead Total Save forta Last saved 20 hours ago Attempts: 0 of 1 used Submit Answer Saved work will be auto-submitted on the due date