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, $45,000.
	b. 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

	c. Factory overhead costs incurred on account, $1,800.
	d. Depreciation of machinery and equipment, $2,500.
	e. 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

	f. Jobs completed: 301, 302, 303, and 305.
	g. Jobs were shipped and customers were billed as follows: Job 301, $8,500; Job 302, $16,150; Job 303, $13,400.

	Required:
1.	Journalize the entries to record the summarized operations. Record each item (items a-f) as an individual entry on March 31. Record item g as 2 entries. Refer to the Chart of Accounts for exact wording of account titles.
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. 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 T account even when the ending balance is a credit. The unused cell on the balance line should be left blank.
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.*