Entries and Schedules for Unfinished Jobs and Completed Jobs Kaymer Industries Inc. uses a job order cost system. The following data summarize the operations related to producti operations: a. Materials purchased on account, $21,020. b. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $1,960 $2,930 302 2,390 3,960 303 1,590 1,930 304 5,370 7,270 305 3,410 5,540 306 2,490 3,520 For general factory use 670 4,340 c. Factory overhead costs incurred on account, $3,740. d. Depreciation of factory machinery and equipment, $2,080. e. The factory overhead rate is $65 per machine hour. Machine hours used: Job Machine Hours 301 302 303 37 304 305 306 45 Total 236 f. Jobs completed: 301, 302, 303, and 305. g. Jobs were shipped and customers were billed as follows: Job 301, $8,050; Job 302, $10,120; Job 303 1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. Description Debit Credit a. b. I IIII I llll C. II II II II II II II II "P o 2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying let account balances as of the end of the month. Work in Process Bal. Finished Goods Bal. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Kaymer Industries Inc. Schedule of Unfinished Jobs Job Direct Materials Direct Labor Factory Overhead Total Balance of Work in Process, January 30 re a schedule of completed jobs on hand to support the balance in the finished goods aco Kaymer Industries Inc. Schedule of Completed Jobs Direct Materials Direct Labor Factory Overhead Total $ $ $ $ 2 301, 302, 303, and 305. ed and customers were billed as follows: Job 301, $8,050; Job 302, $10,120; Job 303, $17,180