Instructions Kurtz Fencing Inc. uses a job onder cost system. The following data summarize the operations related to production for March, the first month of operations: a Materials purchased on account $28.580 b. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $3.030 $2.760 300 3.400 3.770 303 2.520 1.800 304 8,290 6,880 305 5,000 5,480 306 3,800 3.410 For general factory use 1.130 4.100 c. Factory overhead costs incurred on account $5.670 d. Depreciation of machinery and equipment. $2,050. The factory overhead rate is $52 per machine hour Machine hours used Job Machine Hours 301 27 302 38 303 28 304 73 305 38 306 27 Total 231 1. Jobs completed: 301 302 303 and 305 Jobs were shipped and customers were billed as follows: Job 301, 58.340, 302 $10,880; Jub 300, $15,310 Required: 1. Journalize the entries to record the summarized operations Record each item (tems as an individual entry on March 31. Racord as 2 entries. Refer to the chart of accounts for the exact wording of the account sites CNOW joumals do not use lines for spaces or joumal explanations. Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between journal entries CNOW journals will automatically indent a credit entry when a credit amount is 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. For grading purposes enter transactions in alphabetical order Determine the comect ending balance. The ending balance label is provided on the left side of the T account even when the ending balance is a credit. The unused cell on the balance line should be left blank 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account "Refer to the last of Amount Descriptions provided for the exact wording of the answer choices for text entries