ntries and Schedules for Unfinished Jobs and Completed Jobs Faymer Industries Inc. uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations: Materials purchased on account, $19,990. b. Materials requisitioned and factory labor used: Job Factory Labor Materials $1,900 301 302 $2,560 3,460 303 2,320 1,540 5,210 304 305 1,690 6,350 4,840 3,070 3,310 306 2,410 650 For general factory use 3,790 c. Factory overhead costs incurred on account, $3,630 d. Depreciation of factory machinery and equipment, $1,620 e. The factory overhead rate is $35 per machine hour. Machine hours used: Job Machine Hours 41 301 302 41 303 28 304 305 20 306 36 Total 242 f. Jobs completed: 301, 302, 303, and 305. g. Jobs were shipped and customers were billed as follows: Job 301, $7,070; Job 302, $8,660; Job 303, $12,210. Required: 1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. Entries Description Debit Credit a. b. > d. 9 2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. In Work in Process Bal Finished Goods Bal. 3. Prepare a schedule or unfinished jobs to support the balance in the work in process account Finished Goods Bal. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Kaymer Industries Inc. Schedule of Unfinished Jobs Job Direct Materials Direct Labor Factory Overhead Total Balance of Work in Process, January 30 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Knymer Industries Inc. Schedule of Completed Jobs Jobs Direct Materials Direct Labor Factory Overhead Total