Question: please help, DO NOT do it if you dont know it. Thanks Question 4 of 5 0.43/1 View Policies Show Attempt History Current Attempt in

Question 4 of 5 0.43/1 View Policies Show Attempt History 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 $3,610 and two jobs in process: Job No. 429 $2,140, and Job No. 430 $1,470. During May, a summary of source documents reveals the following. Labor Time Materials. Requisition Slips Job Number Tickets 429 $2,940 430 4,090 431 4,920 $11.950 $13,800 General use 930 1,590 $12,880 $15.390 SEDE 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. $2,100 3,600 8,100 *** Question 4 of 5 0.43/1 E 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.) lo. Date Account Titles and Explanation Debit Credit 1) May 31 Work in Process Inventory 11,950 Manufacturing Overhead 930 Raw Materials Inventory 2) 31 Work in Process Inventory 13,800 Manufacturing Overhead 1.590 Factory Labor 3) Work in Process Inventory. 7500 Manufacturing Overhead Finished Goods Inventory 7540 Work in Process Inventory 4) 31 31 12880 15390 7500 7540 ***
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