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, $2,220. b. Materials requisitioned and factory labor used: Job 301 Materials $2,000 Factory Labor $3,070 302 2,440 4,140 303 1,620 2,030 304 5,480 7,610 305 3,480 5,800 306 2,540 3,680 For general factory use 680 4,540 c. Factory overhead costs incurred on account, $3,820. d. Depreciation of machinery and equipment, $2,180. e. The factory overhead rate is $50 per machine hour. Machine hours used: Machine Hours Job 301 23 302 33 303 45 304 65 305 43 306 26 Total 235 f. Jobs completed: 301, 302, 303, and 305. g. Jobs were shipped and customers were billed as follows: Job 301, $7,460; Job 302, $9,880; Job 303, $17,110.