Kurtz Fencing Inc. uses a job order cost system. The following data summarize the operations related to production for March, the first month of operations: 1. Materials purchased on account, $45,000. 2. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $1,850 $2,500 302 3,150 7,220 303 2,200 5,350 304 1,800 2,400 305 4,230 6,225 306 1,770 2,900 For general factory use 1,200 5,000 3. Factory overhead costs incurred on account, $1,800. 4. Depreciation of machinery and equipment, $2,500. 5. The factory overhead rate is $30 per machine hour. Machine hours used: Job Machine Hours 301 30 302 60 303 41 304 63 305 70 306 36 Total 300 6. Jobs completed: 301, 302, 303, and 305. 7. Jobs were shipped and customers were billed as follows: Job 301, $8,500; Job 302, $16,150; Job 303, $13,400