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Entries and Schedules for Unfinished Jobs and Completed Jobs Tybee Industries Inc. uses a job order cost system. The following data summarize the operations related

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Entries and Schedules for Unfinished Jobs and Completed Jobs 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, $2,100. b. Materials requisitioned and factory labor used: c. Factory overhead costs incurred on account, $4,430. d. Depreciation of machinery and equipment, $1,600. e. The factory overhead rate is $40 per machine hour. Machine hours used: f. Jobs completed: 301,302,303, and 305 . 0. Jobs were shipped and customers were billed as follows: Job 301,$7,660; Job 302, $8,830; Job 303, $12,670. 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. Entries and Schedules for Unfinished Jobs and Completed Jobs 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, $2,100. b. Materials requisitioned and factory labor used: c. Factory overhead costs incurred on account, $4,430. d. Depreciation of machinery and equipment, $1,600. e. The factory overhead rate is $40 per machine hour. Machine hours used: f. Jobs completed: 301,302,303, and 305 . 0. Jobs were shipped and customers were billed as follows: Job 301,$7,660; Job 302, $8,830; Job 303, $12,670. 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

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