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, $26,140. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $2,580 $2,090 302 3,150 2,820 303 2,090 1,380 304 7,070 5,180 305 4,490 3,950 306 3,280 2,510 For general factory use 880 3,090. Factory overhead costs incurred on account, $4,930. Depreciation of factory machinery and equipment, $1,480.

The factory overhead rate is $75 per machine hour. Machine hours used:

Job Machine Hours

301 17 302 20 303 23 304 69 305 38 306 15 Total 182

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

Jobs were shipped and customers were billed as follows: Job 301, $7,130; Job 302, $8,960; Job 303, $15,070.

1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank.

2. Post the appropriate entries to T accounts 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.

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