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: Materials purchased on account, $1,900. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $2,270 $1,720 302 2,770 2,320 303 1,840 1,140 304 6,220 4,270 305 3,950 3,250 306 2,880 2,060 For general factory use 770 2,550 Factory overhead costs incurred on account, $4,340. Depreciation of machinery and equipment, $1,220. The factory overhead rate is $50 per machine hour. Machine hours used: Job Machine Hours 301 31 302 44 303 16 304 79 305 15 306 28 Total 213 Jobs completed: 301, 302, 303, and 305. Jobs were shipped and customers were billed as follows: Job 301, $6,650; Job 302, $8,750; Job 303, $10,960