1. Journalize the entries to record the summarized operations. 2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. Insert 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. Answer: Check Figure: Work in Process balance, $37,130 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. c. Factory overhead costs incurred on account, $6,470. d. Depreciation of factory machinery and equipment, $1,790. e. The factory overhead rate is $65 per machine hour. Machine hours used: Details f. Jobs completed: 301,302,303, and 305 . g. Jobs were shipped and customers were billed as follows: Job 301, \$23,450; Job 302, $19,210; Job 303, \$17,360. A2 B C D E General Journal 3 Date Description Post Ref Debit Credit Page 1 PR 19-2A Entries and Schedules for Unfinished Jobs and Completed Jobs OBJ. 2 Kaymer Industries Inc. uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations: a. Materials purchased on account, $33,100. b. Materials requisitioned and factory labor used: \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & A & B & C & D & E & F & G & H & 1 & J & K \\ \hline 1 & & & & & & & & & & & \\ \hline 2 & & & & & & & & & & & \\ \hline 3 & 2.) & \multicolumn{4}{|c|}{ Work in Process } & & & \multicolumn{4}{|c|}{ Finished Goods } \\ \hline 4 & & & & & & & & & & & \\ \hline 5 & & & & & & & & & & & \\ \hline 6 & & & & & & & & & & & \\ \hline 7 & & & & & & & & & & & \\ \hline 8 & & & & & & & & & & & \\ \hline 9 & & & & & & & & & & & \\ \hline 10 & & & & & & & & & & & \\ \hline 11 & & & & & & & & & & & \\ \hline 12 & & & & & & & & & & & \\ \hline 13 & & & & & & & & & & & \\ \hline 14 & & & & & & & & & & & \\ \hline 15 & 3.) & Job & Direct Materials & Direct Labor & Factory Overhead & Total & & & & & \\ \hline 16 & & & & & & & & & & & \\ \hline 17 & & & & & & & & & & & \\ \hline 18 & & & & & & & & & & & \\ \hline 19 & & & & & & & & & & & \\ \hline 20 & & & & & & & & & & & \\ \hline 21 & & & & & & & & & & & \\ \hline 22 & 4.) & & & & & & & & & & \\ \hline 23 & & & & & & & & & & & \\ \hline 24 & & & & & & & & & & & \\ \hline 25 & & & & & & & & & & & \\ \hline 26 & & & & & & & & & & & \\ \hline 27 & & & & & & & & & & & \\ \hline 28 & & & & & & & & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline Job & Materials & Factory Labor \\ \hline 301 & $2,740 & $5,460 \\ \hline 302 & 3,980 & 2,930 \\ \hline 303 & 2,570 & 3,070 \\ \hline 304 & 8,850 & 8,520 \\ \hline 305 & 6,210 & 1,840 \\ \hline 306 & & 6,110 \\ \hline \end{tabular}