Keeling Printing Company uses a job order cost system. The following data summarize the operations related to production for April, the first month of operations:

(a) Materials purchased on account, $86,130.

(b) Materials requisitioned and factory labor used:

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(c) Factory overhead costs incurred on the account. $16,950.

(d) Depreciation of machinery and equipment, $8,100.

(e) The factory overhead rate is 80% of direct tabor cost.

 (f) Jobs completed: 401, 402, 403, and 405.

 (g) Jobs 401, 402, and 403 were shipped and customers were billed for $17,320 and $42,405 respectively.

 Instructions:

(1) Prepare entries to record the foregoing summarized operations.

(2) Open T accounts for Work in Process and Finished Goods and post the appropriate entries, using the identifying letters as dates. Insert memorandum 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 hard to support the balance in the finished goods account.

Job 401........... Job 402........ Job 403...... Job 404....... Job 405..... Job 406....... For general factory use. Factory Materials Labor $17,400 $13,725 5,100 12,780 6,420 10,245 9,270 1,965 2,940 7,035 2,850 4,200 6,915 4,500