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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

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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 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. f. Jobs completed: 301,302,303, and 305 . 9. Jobs were shipped and customers were billed as follows: Job 301,$7,960; Job 302,$8,700; Job 303,$14,880. Required: 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. 3. Prepare a schedule of untinished jobs to support the balance in the work in process account. 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Entries and Schedules for Unfinished Jobs and Completed Jobs Tybee 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, $2,060. b. Materials requisitioned and factory labor used: c. Factory overhead costs incurred on account, $4,430, d. Depreciation of machinery and equipment, $2,000. e. The factory overhead rate is $35 per machine hour, Machine hours used

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