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 Otoson Fencing Ine. Schedule of Unfinished Jobs a. s. B. 1 13 3 4 B. j. a. Meterials purchased an account, $29,050. b. Materiais requelitoned and factory labor used: C. Factory overhead costs incurred on actoont, $5,400. d. Depreciation of machinery and equipment, $2,000 e. The factory overhead tate is 552 per machine hour: Machine hours used: 1. Jobs completed: 391,302,303 and 305. Required: Q as zentios. mamp wocount balences as of he end of the month 2. Prepare a schedule of uofnished jobs to support the batance in ele work in process accoune. CHART OF ACCOUNTS Ottoson Fencing Ine. General Ledger ASSETS 110Cash 121 Accounts Recelvable 125 Notes Recelvabie 126 Interest Receivable 131 Materials 132 Work in Process 133 Factory Overtead 134 Finished Goods 141 Supplies 142 Prepaid Insurance 143 Prepaid Expenses 181 Land 191 Machinery and Equlpment 192 Accumulated Depreciation-Machinery and Equipment REVENUE 410 Sales. 610 interest Revenue EXPENSES 510 Cost of Goods Sold 520 Wages Expense 531 Seling Expenses 532 insurance Expense 533 utities Expense 534 Onflce Supplies Expense 540 Administrative Expenses 561 Depreciation Expense-Machinery and Eq 590 Miscellanoous Expense 710 interest Expense LABILTES 210 Accounts Payable 221 Usaties Payabie 231 Notes Payable 236 inlerest Payable 241 Lease Payable 251 Wapes Payable 252 Consultant Fees Payabie EQurrY 311 Common Stock 340 Retained Eanings 351 Oividends TAccounts instructions Onoson Fencing inc. Schedule of Unfinished Jobs ) 1 106 Dinct Mnteils Dinct Laber Factory Overiead