Kaymer 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, $33,100.

Materials requisitioned and factory labor used:

Job	Materials	Factory Labor
301	$2,740	$5,460
302	3,980	2,930
303	2,570	3,070
304	8,850	8,520
305	6,210	1,840
306	4,290	6,110
For general factory use	1,200	4,520

Factory overhead costs incurred on account, $6,470.

Depreciation of factory machinery and equipment, $1,790.

The factory overhead rate is $65 per machine hour. Machine hours used:

1. Details

Jobs completed: 301, 302, 303, and 305.

Jobs were shipped and customers were billed as follows: Job 301, $23,450; Job 302, $19,210; Job 303, $17,360.

Journalize the entries to record the summarized operations.

Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. Insert account balances as of the end of the month.

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

1. SHOW ANSWER

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