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Need help doing this problem step by step Instructions 1. Journalize the entries to record the transactions indentified below. 2. Determine the account balances for

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Instructions 1. Journalize the entries to record the transactions indentified below. 2. Determine the account balances for Work in Process and Finished Goods. 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. Materials purchased on account 60,000 Factory Overhead b. Job #100 Job #101 Job #102 Job #103 Job #104 Job #105 For general factory use Material Factory Labor 5000 2500 4000 2000 3500 1750 2500 1250 1000 500 1500 750 1800 900 c. d. 10000 8000 50% e. f. 8 Factory overhead costs incurred Depreciation of machinery Factory overhead applied as a percent of of direct labor cost Jobs completed 100, 101, 102, and 104 Jobs 100, 101, 102 were shipped Customers were billed Job #100 Job #101 Job #102 12000 13000 14000 Journal Entries la. 1b. le. 1d. le. 16 g. Computation of the cost of jobs finished: Customers were billed Cost of Jobs Sold 2. Work in Progress Inventory Finished Goods Inventory 3. Schedule of Unfinished Jobs 4. Schedule of Completed Jobs

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