w Atmotto ment Attempt in Progress Stine Comores border cost w On May 1, the company has balance in Work in Process inventory of $4010 and two jobs in process Job No 42952520, and No: 43051430 During my summary of source documents that Materials Labor Time Job Number Requisition Stips Tickets 429 $2.760 $2.300 3.860 3,400 4.950 $11.5707800 $13.500 General 910 1700 $12480 $15 200 Stine Company isolesmanufacturing overhead to jobs Manoware of 61% of direct labor cost Job No 429 completed during the month Yours Prepare your entries to record 11 the requisitions, the tickets, the acturing overhead to jobs and 4 the completion of Job No 429 Carine whether on Debit Credit No. Date Account Thies and Explanation 11 May 21 Work in Pro 115HD Manowa 200 2 31 Work Pro 11500 Manung Fy 15200 2 31 Work in 3213 Marve 8235 31 Fred Godine 053 Work in process Textbook and Media List of Accounts (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 Work In Process Inventory v V Job No. Beginning Work In Process Direct Material Job Cost Sheets Direct Labor Manufacturing Overhead Total $ 430$ S $ S 431 $ 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 $4,010 and Materials Job Number Requisition Slips 429 $2.760 430 3.860 431 4,950 $11,570 General use 910 $12.480 Labor Time Tickets $2,300 3,400 7,800 $13,500 1,700 $15,200 Stine Company applies manufacturing overhead to jobs at an overhead rate of 61% of direct labor cost. Job No.429 is completed (a) Your answer is correct. Prepare summary journal entries to record (1) the requisition slips. (2) the time tickets, (3) the assignment of manufacturing overt No. Date Account Titles and Explanation (1) May 31 Work in Process Inventory Debit Credit 11570 Manufacturing Overhead 910 Raw Materials Inventory 12480 (2) 31 Work in Process Inventory 13500 Manufacturing Overhead 1700 Factory Labor 15200 (3) 31 Work in Process Inventory 8235 Manufacturing Overhead 8235 (4) 31 Finished Goods Inventory 9053 Work in Process Inventory 9053 in Work in Process Inventory of $4,010 and two jobs in process: Job No. 429 $2.590, and Job No. 430 $1.420. Durin % of direct labor cost. Job No. 429 is completed during the month me tickets, (3) the assignment of manufacturing overhead to jobs, and (4) the completion of Job No. 429. (Credit account titles Debit Credit 11570 910 12480 13500 1700 15200 8235 8235 9053 9053