1. Entries and Schedules for Unfinished Jobs and Completed Jobs

   Tybee Industries Inc. uses a A type of cost accounting system that provides for a separate record of the cost of each particular quantity of product that passes through the factory.job order cost system. The following data summarize the operations related to production for January, the first month of operations:

   1. Materials purchased on account, $3,280.
   2. The form or electronic transmission used by a manufacturing department to authorize materials issuances from the storeroom.Materials requisitioned and factory labor used:

      Job	Materials		Factory Labor
      301	$1,810		$3,040
      302	2,210		4,100
      303	1,470		2,010
      304	4,960		7,540
      305	3,150		5,750
      306	2,300		3,650
      For general factory use	620		4,500

   3. Factory overhead costs incurred on account, $3,460.
   4. Depreciation of machinery and equipment, $2,160.
   5. The factory overhead rate is $45 per machine hour. Machine hours used:

      Job	Machine Hours
      301		21
      302		21
      303		36
      304		67
      305		32
      306		38
      Total		215

   6. Jobs completed: 301, 302, 303, and 305.
   7. Jobs were shipped and customers were billed as follows: Job 301, $6,950; Job 302, $8,710; Job 303, $14,790.

   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.

2. 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.

3. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account.

4. 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account.