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, $$20,520.$ Materials requisitioned and factory labor used: Job Materials Factory Labor $301$ $$2,020$ $$2,8303022,4603,8203031,6401,8703045,5307,0203053,5105,3503062,5703,400$ For general factory use $6904,190$ Factory overhead costs incurred on account, $$3,860.$ Depreciation of factory machinery and equipment, $$2,010.$ The factory overhead rate is $$65$ per machine hour. Machine hours used: Job Machine Hours $301303022130338304713052430623$ Total $207$ Jobs completed: $301,302,303,$ and $305.$ Jobs were shipped and customers were billed as follows: Job $301,$ $$8,160$; Job $302,$ $$9,170$; Job $303,$ $$47,340.1.$ Journalize the entries to record the summarized operations. Record each item $($items a$-$f$)$ as an individual entry on January $31.$ Record item g as $2$ entries. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. $2.$ Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. Determine the correct 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.

Work in Process

b Correct

f Correct

e Correct

Bal.

Finished Goods

e Correct

g Correct

Bal.