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1. Joumalize the entries to record the summarized operations. For a compound transaction, if an amount box does not require an entry, leave it blank.

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1. Joumalize the entries to record the summarized operations. For a compound transaction, if an amount box does not require an entry, leave it blank. 2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. Insert memo account balances as of the end of the month. 3. Prepare a schedule of unfinistod jobs to support the balance in the work in process account. balances as of the end of the month. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. 4. Prepare a schedule of completed jobs on hand to support the bolance in the finished goods account. c. Factory overhead costs incurred on account; $3,720 d. Depreciabon of machinery and equipment, $2,040 e. The foctory overhead rate is $65 per machine hour, Machine hours used: f. Jobs coingieted: 301, 302, 303, and 305. 9. Jobs were shipped and customers were billed os foliows: Job 301, $3,670; Job 302, $10,700;,300303,515,720. 4. Prepare o schedule of completed jobs on nand to support the balance in the finished goods occount: Entries and Schedules for Unfinished Jobs and Completed Jobs Tybee Industries Ine. uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations: B. Materials purchased on account, $2,370. b. Materials requisitioned and factory labor used: c. Factory ovethead costs incurred on account, $3,720. d. Depreciation of mochinory and equipment, $2,040. e. The factory averhead rate is 365 per machine hout, Machine hours used

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