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: a. Materials purchased on account, $27,860. b. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $2,780 $1,780 302 3,390 2,400 303 2,250 1,170 304 7,620 4,410 305 4,840 3,360 306 3,530 2,140 For general factory use 950 2,630 c. Factory overhead costs incurred on account, $5,310. d. Depreciation of factory machinery and equipment, $1,260. e. The factory overhead rate is $65 per machine hour. Machine hours used: Job Machine Hours 301 c. Factory overhead costs incurred on account, $5,310. d. Depreciation of factory machinery and equipment, $1,260. e. The factory overhead rate is $65 per machine hour. Machine hours used: Job Machine Hours 301 36 302 34 303 28 304 76 305 40 306 29 Total 243 f. Jobs completed: 301, 302, 303, and 305. 9. Jobs were shipped and customers were billed as follows: Job 301, $8,280; Job 302, 59,500; Job 303, $15,200. 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 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 b. d. Check My Work 10 more Check My Work uses remaining Pres B BodyBuilding.com d. g. 2. Post the annronriate entries to T accounts for Work in Process and Finiehad Home - Blue Ridge BRCC IT 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 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 Kaymer Industries Inc. Schedule of Unfinished Jobs Job Direct Materials Direct Labor Factory Overhead Total Balance of Work in Process, January 30 K 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