Question: Please solve this problem: Exercise 15-2 (Part Level Submission) Stine Company uses a job order cost system. On May 1, the company has a balance

Please solve this problem:

Please solve this problem: Exercise 15-2 (Part Level Submission) Stine Company uses

a job order cost system. On May 1, the company has a

Exercise 15-2 (Part Level Submission) 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 two jobs in process: Job No. 429 $2,590, and Job No. 430 $1,420 During May, a summary of source documents reveals the following Materials Requisition Slips Labor Time Tickets ob Number 429 430 431 General use $2,760 3,860 4,950 $2,300 3,410 7,810 $11,570 910 $12,480 $13,520 1,700 $15,220 Stine Company applies manufacturing overhead to jobs at an overhead rate of 61% of direct labor cost. Job No. 429 is completed during the month (a) Your answer is partially correct. Try again 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. Round answers to 0 decimal places, e.g. 5,275) No. Date Account Titles and Explanation (1) May 31 Work in Process Inventory Debit Credit 11570 Overhead 910

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