Home Ebooks - Webraderio Ebooks - Webrederio x Y tennessee wesleyan UniversiX > Homepage /#/reader/Gadaa31b-52ce-4a62-be6b-9c4d36b63f03/page/3e648d390ef08873cbe92d2f19473546 Memer P. The Role and Respo G Gmail Tackle Warehouse eTextbook: Managerial Accounting TT Print Search Annotations Accessibility Bookmark Quick Tour PR 2-2A. Entries and Schedules for Unfinished Jobs and Completed Jobs Obj. 2 Kurtz Fencing Inc. uses a job order cost system. The following data summarize the operations related to production for March, the first month of operations: a. Materials purchased on account, $45,000 b. Materials requisitioned and factory labor used: Job Materials $1,850 Factory Labor $2,500 301 302 7.220 303 3,150 2,200 1,800 5,350 304 2.400 305 4,230 5.225 PR 2-2A. Entries and Schedules for Unfinished Jobs Obj. 2 Kurtz Fencing Inc. uses a job order cost system. The follow month of operations: a. Materials purchased on account, $45,000. b. Materials requisitioned and factory labor used: Job Materials 301 $1,850 Factory Labor $2,500 7,220 302 3,150 303 2,200 5,350 304 1,800 2.400 305 6,225 4,230 1.770 306 2,900 For general factory use 1,200 5,000 c. Factory overhead costs incurred on account, $1,800. d. Depreciation of machinery and equipment, $2,500. . DLL come Ebooks - Webreaderio Ebooks - Webreiderio X W tennessee wesleyan Universitx Homepage /reader/Gadaa81b-52ce4a62-be6b-9c4d36b63103/page/3e648d390ef08873cbe92d2f19473546 + D Werner The Role and Respo G Gmail De Tackle Warehouse eTextbook: Managerial Accounting Quick Tour Q TY Print Search Annotations Accessibility Book c. Factory overhead costs incurred on account, $1,800 d. Depreciation of machinery and equipment, $2,500 e. The factory overhead rate is $30 per machine hour. Machine hours used: Machine Hours Job 301 302 303 30 60 41 63 70 304 305 306 Total 36 300 f. Jobs completed: 301, 302, 303, and 305 9. Jobs were shipped and customers were billed as follows: Job 301, $8,500; Job 302, $16,150; Job 303, $13,400. INSTRUCTIONS O Ebooks - Webreader.io Ebooks - Webreader.io x W tennessee wesleyan universi Homepage D reader/6adaa31b-52ce4a62-be6b-904d36b63f03/page/3e648d390ef08873cbe92d2f19473546 ener P The Role and Respo... G Gmail Tackle Warehouse. III eTextbook: Managerial Accounting Quick Tour Print Search Annotations Accessibility Bookmark f. Jobs completed: 301, 302, 303, and 305. 9. Jobs were shipped and customers were billed as follows: Job 301, $8,500; Job 302, $16,150; Job 303, 913,400. INSTRUCTIONS 1. Journalize the entries to record the summarized operations. 2. Post the appropriate entries to Taccounts 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. Prepare a schedule of unfinished jobs to support the balance in the work in process account. ANSWER 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account