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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
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. 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Schedule of Completed Jobs Instruction Question not attempted. ttoson Fencing Inc. uses job order costing. The following data summarize the operations related to production for December, the first month of operations: a. Materials purchased on account, $28,610. b. Materials requisitioned and factory labor used: c. Factory overhead costs incurred on account, \$5,710. d. Depreciation of machinery and equipment, $1,910. e. The factory overhead rate is $55 per machine hour. Machine hours used: 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Schedule of Unfinished Jobs Instruction Question not attempted. Amount Descriptions Chart of Accounts 1. Journalize the entries to record the summarized operations. Record each item (items a-f) as an individual entry on December 31 . Record item g as 2 entries. General Journal Instructions
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