Answer:
Stine Company
1. Summary Journal Entries:
Debit Work in Process $10,400
Credit Materials  $10,400
To record materials requisitioned for production.
Debit Work in Process $12,500
Credit Direct Labor $12,500
To record direct labor time tickets.
Debit Work in Process $7,500
Credit Manufacturing overhead $7,500
To record manufacturing overhead applied to production.
Debit Finished goods inventory $7,540
Credit Work in Process $7,540
To record the transfer of Job No. 429 to finished goods inventory.
2. Work in Process Inventory Control
Account Titles             Debit    Credit
Beginning balance    $3,500
Direct materials         10,400
Direct labor               12,500
Overhead                   7,500
Finished Goods Inventory     $7,540
Ending Balance                     26,360
Job Sheets                              Job 429       Job 430      Job 431     Total
Beginning WIP                         $2,000          $1,500                        $3,500
Direct materials                         2,500           3,500       $4,400      10,400
Direct labor                                 1,900           3,000         7,600      12,500
Manufacturing overhead (60%) 1,140             1,800        4,560        7,500
Finished Goods Inventory     $7,540                                               (7,540)
Work in Process                                           $9,800    $16,560  $26,360
Explanation:
a) Data and Computations:
Balance in Work in Process Inventory = $3,500
Job No. 429 $2,000
Job No. 430  $1,500
Job                  Materials              Labor Time 
Number   Requisition Slips               Tickets
429                  $2,500                      $1,900
430                    3,500                        3,000
431                     4,400 $10,400          7,600 $12,500
General use                        800                         1,200
Total                              $11,200                     $13,700
Total manufacturing overhead:
Indirect materials  $800
Indirect labor      $1,200
Total                  $2,000