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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

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 production for January, the first month of operations:
Materials purchased on account, $25,680.
Materials requisitioned and factory labor used:
Job Materials Factory Labor
301 $2,550 $2,780
3023,1103,750
3032,0701,830
3046,9906,890
3054,4405,250
3063,2403,340
For general factory use 8704,110
Factory overhead costs incurred on account, $4,870.
Depreciation of factory machinery and equipment, $1,970.
The factory overhead rate is $40 per machine hour. Machine hours used:
Job Machine Hours
30118
30222
30327
30485
30529
30644
Total 225
Jobs completed: 301,302,303, and 305.
Jobs were shipped and customers were billed as follows: Job 301, $7,260; Job 302, $9,290; Job 303, $14,440.
Required:
1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank.
Entries Description Debit Credit
a.
fill in the blank 2
fill in the blank 3
fill in the blank 5
fill in the blank 6
b.
fill in the blank 8
fill in the blank 9
fill in the blank 11
fill in the blank 12
fill in the blank 14
fill in the blank 15
fill in the blank 17
fill in the blank 18
c.
fill in the blank 20
fill in the blank 21
fill in the blank 23
fill in the blank 24
d.
fill in the blank 26
fill in the blank 27
fill in the blank 29
fill in the blank 30
e.
fill in the blank 32
fill in the blank 33
fill in the blank 35
fill in the blank 36
f.
fill in the blank 38
fill in the blank 39
fill in the blank 41
fill in the blank 42
g.
fill in the blank 44
fill in the blank 45
fill in the blank 47
fill in the blank 48
fill in the blank 50
fill in the blank 51
fill in the blank 53
fill in the blank 54
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.
Work in Process
fill in the blank 56
fill in the blank 58
fill in the blank 60
Bal. fill in the blank 61
Finished Goods
fill in the blank 63
fill in the blank 65
Bal. fill in the blank 66
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
$fill in the blank 68
$fill in the blank 69
$fill in the blank 70
$fill in the blank 71
fill in the blank 73
fill in the blank 74
fill in the blank 75
fill in the blank 76
Balance of Work in Process, January 30 $fill in the blank 77
4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account.
Kaymer Industries Inc.
Schedule of Completed Jobs
Job Direct Materials Direct Labor Factory Overhead Total
$fill in the blank 79
$fill in the blank 80
$fill in the blank 81
$fill in the blank 82

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