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: a. Materials purchased on account, $28,790 b. Materials requisitioned and factory labor used: Job 301 Materials Factory Labor $2.880 $2,910 3,690 3,860 302 303 2,300 1,780 304 7,820 6,990 305 5,050 5,310 3,700 306 3,280 For general factory use 1,070 4,180 c. Factory overhead costs incurred on account, $5,600. d. Depreciation of machinery and equipment, $1,970. e. The factory overhead rate is $53 per machine hour. Machine hours used: Job Machine Hours 301 25 302 34 303 30 304 71 305 42 306 26 Total 228 f. Jobs completed: 301, 302, 303 and 305. g. Jobs were shipped and customers were billed as follows: Job 301, $8,270; Job 302, $11,720; Job 303, 515,730. 2. Post the appropriate entries to 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. For grading purposes enter transactions in alphabetical order. Determine the correct ending balance. The ending balance label is provided on the left side of the Taccount even when the ending balance is a credit. The unused cell on the balance line should be left blank. Work in Process b e Bal. Finished Goods Bal 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account Refer to the list of Amount Descriptions provided for the exact wording of the answer choices for text entries. Kurtz Fencing Inc. Schedule of Unfinished Jobs 1 Job Direct Materials Direct Labor Factory Overhead Total 2 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Refer to the list of Amount Descriptions provided for the exact wording of the answer choices for text entries. Kurtz Fencing Inc. Schedule of Completed Jobs Job Direct Materials Direct Labor Factory Overhead Total