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 Materials Labor Time Tickets Requisition Slips 429 $2,920 $2,160 430 3,610 3,360 431 4,870 General use $11,400 960 8,030 $13,550 $12,360 1,600 $15,150 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. 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. No. Date Account Titles and Explanation Debit Credit (1) May 31 (2) 31 (3) 31 (4) 31

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