Bing Industries, Inc. uses a job order cost system. The following data summarizes the operations related to production for June 2013, the first month of operations:

Materials purchased on account, $32,760.

Materials requisitioned and factory labor used:

Job………………….…..Materials………….Factory Labor

301……………….…….$3,290………………$3,080

302……………….…….4,025………………..4,160

303………………….….2,660………………..2,080

304………………….….9,030………………..7,640

305……………….…….5,740………………..5,810

306………….………….4,170………………..3,710

For general factory use...1,200………………..4,550

a. Factory overhead costs incurred on account, $6,300

b. Depreciation of machinery and equipment, $2,200

c. The factory overhead rate is $58 per machine hour. Machine hours used:

Job…………Machine Hours

301……………..26

302……………..38

303……………..30

304……………..80

305……………..40

306……………..26

Total……………240

d. Jobs completed: 301, 302, 303, and 305.

e. Jobs were shipped and customers were billed as follows: Job 301, $9,150; Job 302, $12,350; Job 303, $16,600.

1. Journalize the entries to record the summarized operations.