19 PR.16-02A.BLANKSHEET Entries and schedules for unfinished jobs and completed jobs Kurta Fencing Inc uses a icb ocde.coat.avatem. The following data summarize the operations related to production for March, the fiest month of a Materials purchased on account, $45.000 b.Matecals.ceausiioned and factory labor used: Job 301 302 303 Materials Factory Labor $1,850 3,150 2,200 1,800 4,230 1,770 1.200 $2.500 7.220 5,350 2,400 6,225 2,900 5,000 For general factory use c Factory overhead costs incurred on account $1,800. d. Depreciation of machinery and equipment, $2,500 e. The factory overhead rate is $30 per machine hour Machine hours used Job Machine Hours 301 302 60 303 305 70 306 f. Jobs completed: 301, 302, 303, and 305 g. Jobs were shipped and customers were billed as follows Job 301, $8,500, Job 302, $16,150, Job 303, $13,400 Required: 1. Jourmalize the entries to recond the summarized operations, Recond each 8em (ems a-) as an indivistual entry on March 31.Record tom g a 2entries Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identiying leers as transaction codes insert memo account balances as of the end of the month. For grading purposes enter transactions in alphabetical order. Deermine the comt ending balance. The ending belance label is provided on the lot side of the T account even when the anding balance is a credt. The unused celf on the balance line should be let blank Rator to the Chart of Accounts for met woning of account lloa. 2. Prepare a schedule of untinished jobs to support the balance in the work in process account" Prepare a schedule of completed jobs on hand to support the balance in the Einished goods account Refer to the ist of Amount Descriptions for the exact wording of the answer choices for text nries