Entries and schedules for unfinished jobs and completed jobs Instruction Chart of Accounts Amount Descriptions Joumal T Accounts Instructions Tybee Industries Inc. uses a border cost system. The following data summarize the operations related to production for January, the first month of operations: a. Materials purchased on account, $29,800 b. Materials requisitioned and factory labot used: Job Materials 301 $ 2,960 3.620 302 Factory Labor 52.775 3,750 1.875 6.800 300 2.400 304 6.100 305 5.100 5.250 300 3,750 3.340 For general factory use 1.000 4,100 c. Factory overhead costs incurred on account, $5,500 d. Depreciation of machinery and equipment, $1.980 e. The factory overhead rate is $54 per machine hour. Machine hours used Job Machine Hours Instructions c. Factory overhead costs incurred on account, $5,500. d. Depreciation of machinery and equipment, $1,980. e. The factory overhead rate is $54 per machine hour. Machine h Job Machine Hours 301 25 302 36 303 30 304 72 305 40 125 306 Total 228 1. Jobs completed: 301, 302, 303 and 305. 9. Jobs were shipped and customers were billed as follows: Job 301, $8,250; Job 302, 911,200; Job 303, S15,000. Required: 1. Journalize the entries to record the summarized operations. Record each item (items a-t) as an individual entry on January 31. Record item g as 2 entries. Refer to the Chart of Accounts for exact wording of account titles. 2. Post the appropriate entries to Taccounts 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 "Refer to the list of Amount Descriptions for the exact wording of the answer choices for text entries