Answer questions 1-4?

encing Inc. uses a job order cost system. The following data summarize the operations 11,840 related to production for March, the first month of operations: A. Materials purchased on account, $45,000. B. Materials requisitioned and factory labor used: LAL LEDGER Job Materials Factory Labor $2,500 301 $1,850 302 3,150 7,220 303 2,200 5,350 304 1,800 2,400 6,225 2,900 305 4,230 306 1,770 For general factory use 1,200 5,000 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: Machine Hours Job 30 301 60 302 41 303 63 304 70 305 36 306 300 Total (Continued) We've updated our read aleud featurel Gveay here Aa Chapter 16 Job Order Costing Jobs completed: 301, 302, 303, and 305. F. G. Jobs were shipped and customers were billed as follows: Job 301, $8,500; Job 302, $16,150; Job 303, $13,400. Instructions 1. Journalize the entries to record the summarized operations. 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. 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Obj. 2 PR 16-3A Job order cost sheet Remnant Carpet Company sells and installs commercial carpeting for office buildings. Rem- nant Carpet Company uses a job order cost system. When a prospective customer asks for a price quote on a job, the estimated cost data are inserted on an unnumbered job cost sheet. If the offer is accepted, a number is assigned to the job, and the costs incurred are recorded in the usual manner on the job cost sheet. After the job is completed, reasons for the variances between the estimated and actual costs are noted on the sheet. The data are then available to management in evaluating the efficiency of operations and in preparing quotes on future jobs. On October 1, Remnant Carpet Company gave Jackson Consulting an estimate of $9,450 to carpet the consulting firm's newly leased office. The estimate was based on the following data: EXCEL TEMPLATE Estimated direct materials: $7,000 We've updated our read aloud featurel 200 meterS at $35 per meter Give it a try here Estimated direct labor: Aa 1241 PM 1/24