Please answer question b)

already answer Q a)

E2-2 Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process - Inventory of $3,500 and two jobs in process: Job No. 429 $2,000, and Job No. 430 $1,500. During May, a summary of source documents reveals the following. Labor Materials. Requisition Slips Job Number Time Tickets 429 $2,500 $1,900 430 3,500 3,000 431 4,400 $10,400 7,600 $12,500 1,200 General use 800 $11,200 $13,700 Stine Company applies manufacturing overhead to jobs at an overhead rate of 60% of direct labor cost. Job No. 429 is completed during the month. Instructions (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. (b) Post the entries to Work in Process Inventory, and prove the agreement of the control account with the job cost sheets. (Use a T-account.). Date 1 2 3 4 Journal Entries Account Title and Explaination Work In Process Inventory Manufacturing Overhead Raw Materials Inventory (To record materials requisition slips) Work In Process Inventory Manufacturing Overhead Factory Labor Payable (To record time tickets) Work In Process Inventory ($12500 x 60%) Manufacturing Overhead (To record application of manufacturing overhead) Finished Goods Inventory ($2000+$2500+$1900+($1900 x 60 %) Work In Process Inventory (To record completion of job 429) Post. Ref. $ $ $ Debit $ 10,400.00 800.00 12,500.00 1,200,00 $ $ $ Credit $ 7,500.00 7,540.00 11,200.00 13,700.00 $ $ 7,500.00 7,540.00