assist in finding the work in process inventory and finished good inventory?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 NumberMaterialsRequisition SlipsLabor TimeTickets429$2 920$2 1604303 6103 3604314 870$11 4008 030$13 550General use9601 600$12 360$15 150Stine Company applies manufacturing overhead to jobs at an overhead rate of 65% of direct labor cost. Job No. 429 is completed during the month.
