Entries and schedules for unfinished jobs and completed jobs Instructions Chart of Accounts Amount Descriptions Journal Accounts Schedule of Unfinished Jobs Schedule of Instructions Tybee Industries Inc, uses a job order 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 labor used: Job 301 Materials $ 2,960 3,620 2,400 8,100 5,100 3.750 1,080 Factory Labor 52.775 3,750 1.875 6.360 5.250 3,340 4,100 306 For general factory use c. Factory overhead costs incurred on account, 55,500 d. Depreciation of machinery and equipment 51.980 e. The factory overhead rate is 554 per machine hour Machine hours used: Job Machine Hours Jobs completed: 301 302 303 and 305 9 Jobs were striped and customers were billed as follows Job 301.58 250Job 302.511.200. Job 303, 515.000 Required: 1. Journalize the entries to record the summarized operations. Record each item (items a-1) as an individual entry on January 31. Record item gas 2 entries. Refer to the Chart of Accounts for exact wording of account titles 2. Post the appropriate entries to 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.* *Refer to the list of Amount Descriptions for the exact wording of the answer choices for text entries. art of Accounts CHART OF ACCOUNTS Tybee Industries Inc. General Ledger REVENUE 410 Sales 610 Interest Revenue ASSETS 110 Cash 121 Accounts Receivable 125 Notes Receivable 126 Interest Receivable 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 EXPENSES 510 Cost of Goods Sold 520 Wages Expense 531 Selling Expenses 532 Insurance Expense 533 Utilities Expense 534 Office Supplies Expense 540 Administrative Expenses 561 Depreciation Expense-Machinery and Equipment 590 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 241 Lease Payable 251 Wages Payable 252 Consultant Fees Payable EQUITY 311 Common Stock an einen Farine Work LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 241 Lease Payable 251 Wages Payable 252 Consultant Fees Payable EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 390 Income Summary Check My Work ME urce ITU LETALO akeAssignmentMain.do?invoker=assignments& take AssignmentSessionLocato eBook Calculator Entries and schedules for unfinished jobs and completed jobs Instructions | Chart of Accounts Amount Descriptions Journal Instructions Chart of Accounts Amount Descriptions Amount Descriptions Job No. 301 Job No. 302 Job No. 303 Job No. 304 Job No. 305 Job No. 306 Calculator Entries and schedules for unfinished jobs and completed iobs Journal T Accounts Schedule of Unfinished Jobs Schedule of Compl Journal as an individual entry on January 31. Record fem as 2 entries. Refer to the Charta 1. Journalize the entries to record the summerbed operations. Record each dem (dems Accounts for exact wording of account titles PAGE 10 JOURNAL ACCOUNTING EQUATION CREOT AMETS I QUITY T Accounts 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. Work in Process Finished Goods Bal Instructions Chart of Accounts Amount Descriptions Journal Accounts Schedule of Unfinished Jobs Schedule of Comple Schedule of Unfinished Jobs 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account Refer to the stof Amount Descriptions for the exact wording of the answer choices for text entries Tybee Industries Inc Schedule of Unfinished Jobs Direct Materials Direct Labor Factory Overhead Balance of Work in process, January 30 Schedule of Completed Jobs 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 list for the exact wording of the answer choices for text entries Tybee Industries Inc Schedule of Completed Jobs Direct Materials Direct Labor Factory Overhead Total