a. Maberials purchased on accourt, 531,250 . b. Materrats sequisitioned and faclary labor used: c. Factory cvertead eots incurred on account, $5,760. d. Deareclation of machinery ard equerment, \$2,040. e. The lactory avehesd raie is 555 per machine hour, Machine hours used: 1. Jobs completed: 301,302,303 and 305 . 9. Jebs were shipped and custemert were baned as follows: Job 301, 88,390;,16b,302,$16,860,406303,515,380, , Required: 9 as 2 enties. mema abcount hairences as of the end of the month. 3. Prepare a schedule of unfinished jobs to suppert the balance in the wovk in process aceount 4. Prepare a scheduis of comploted iobs in hand to support the belance in the frished goode account CHART OF ACCOUNTS Ottoson Fencing Inc. General Ledger ASSETS 110 Cash 121 Accounts Receivable 125 Notes Receivable 126 Interest Receivabie 131 Materials 132 Work in Process 133 Factory Overhead 134 Finished Goods 141 Supplies 142 Prepaid Insurance 143 Prepaid Expenses 181 Land 191 Machinery and Equipment 192 Accumulated Depreciation-Machinery and Equipment REVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Goods Sold 520 Wages Expense 531 Solling Expenses 532 insurance Expense 533 Uilities Expense 534 Office Supplies Expense 540 Adminiatrative Expenses 561 Depreciation Expense-Machinery and Equipment 590 Miscellaneous Expense 710 interest Expense LUAILTIES 210 Accounts Payablo 221 Uvilities Payable 231 Notes Payable Amount Descriptions Balance of Work in Process, December 31 Finished Goods, December 31 (Job 305) Job No. 301 Job No. 302 Job No. 303 Job No. 304 Job No. 305 Job No. 306 2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transaction coc month. TAccounts Instructions 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Schedule of Unfinished Jobs Instruction 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Schedule of Completed Jobs instruction