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, $2,460. b. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $2,050 $1,740 302 2,350 2,500 1,660 303 1,150 304 5,620 4,320 3,290 305 3,570 306 24400 2,090 For general factory use 700 2,580 c. Factory overhead costs incurred on account, $3,920. d. Depreciation of machinery and equipment, $1,240. e. The factory overhead rate is $75 per machine hour. Machine hours used: Job Machine Hours 301 29 302 34 2,560 c. Factory overhead costs incurred on account, $3,920. d. Depreciation of machinery and equipment, $1,240. e. The factory overhead rate is $75 per machine hour. Machine hours used: Job Machine Hours 301 29 302 34 303 40 304 72 305 35 306 41 Total 251 1. Jobs completed: 301, 302, 303, and 305. g. Jobs were shipped and customers were billed as follows: Job 301, $7,160; Job 302, $8,880; Job 303, $16,850. Required: 1. Journalize the entries to record the summarized operations. For a compound transaction, if an amount box does not require an entry, leave it blank. Entries Decerintinn Dahit Credit Check My Work 1 more Check My Work uses remaining Entries Description Debit Credit a. 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.