Job Order Cost; Journal Entries; Ending Work in Process; Inventory Analysis Sultan, Inc. manufactures goods to special order and uses a job order cost system. During its first month of operations, the following selected transactions took place: a. Materials purchased on account.... b. Materials issued to the factory $37,000 $2,200 5,700 7,100 1,700 ,350 Job 101 Job 103... For general use in the factory...... Factory wages and salaries earned: Job 101..2,700 Job 102. Job 103.... Job 104 For general work in the factory c. 6,800 9,200 2,100 2250 d. Distributed the payroll in (c). Miscellaneous factory overhead cots on account . . s 2 400 . . . . . . . . . f. Depreciation of $2,000 on the factory machinery recorded g. Factory overhead allocated as follows $ 1,200 2.000 Job 102... Job 103... Job 104 Jobs 101, 102, and 103 completed. h. i. Jobs 101 and 102 shipped to the oustomer and billed at $39,000 1. Prepare a schedule reflecting the cost of each of the four jobs. Sultan, Inc. Schedule Reflecting the Cost of the Four Jobs Job 101 Job 102 Job 103 Job 104 Total Direct Materials Direct Labor Factory Overhead Total s entries to record the transactions. If an amount box does not require an entry, leave it blank or enter "o" 2. Prepare journal a. Materials purchased on account $37,000 Hide b. Materials issued to the factory Job 101 Job 102 Job 103 Job 104 For general use in the factory $2,200 5,700 7,100 1,700 1,350 here to cen c & d. Factory wages and salaries earned: Job 101 Job 102 Job 103 Job 104 For general work in the factory $2,700 6,800 9,200 2,100 2,250 Hide e. Miscellaneous factory overhead costs on account $ 2,400