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Complete General Journal, T Accounts, Schedule of unfinished jobs and schedule of finished jobs, given the instructions Ottoson Fencing inc uses job order costing. The
Complete General Journal, T Accounts, Schedule of unfinished jobs and schedule of finished jobs, given the instructions
Ottoson Fencing inc uses job order costing. The followng data summarize the operations related to production for December, the first month of operation a. Materials purchased on account, 528,610 b Matenals reguisitioned and factory labor used c. Factory overhead costs incurred on account, $5,710 d. Depreciation of machinery and equipment, 51,910 e. The factory overhead rate is $55 per machine hour Machine hours used 1. Jobs completed 301,302,303 and 305 9. Jobs were shipped and customers were billed as follo , Job 301,$8,520,Job302,$10,770,Job303,$15,650. Required: 1. Journalize the enthes to record the summauzed operabons. Record each tem (dems a-f) as an individeal entry on December 31. Record tern 9 as 2 entries 2. Post the approgniate entries fo T accounts for workin frocess aod Finshed Goodo using the identiying letrers as transachon codes insert memo account balances as of the end or the month. 3. Prepare a schedule of uninished jobs to support the balance in the work in orocoss occount. 4. Prepare a schedue of compioted oobs on nand to aupport the palance in the frwshed goods account Entries and schedules lor unlinistied jobs and completed jobs \begin{tabular}{|l} instructiasis \\ Penoral Jiumal \end{tabular} 3 Prepare a schadede of unhnished jobs fo suppont the balance in the work in process account Schindile of Uinfinished inhs linstriction 4. Proplare a scheduie of completedjobs or hund to support the baliunce in fhe finshed ooods account Sehedume of Comaleted doby inttfiction Step by Step Solution
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