of goodS sond, i. Cost Instructions Journalize the entries to record the summarized operations J1,I PR 19-2A Entries and schedules for unfinished jobs and com Tybee Industries Inc. uses a job order cost system. The foll operations related to production for January, the first month of o a. Materials purchased on account, $29,800. following data summarize data b. Materials requisitioned and factory labor used: Chapter 19 Job Order Costing 957 Job 301 302 Materials $2,960 Factory Labor $2,775 3,750 1,875 8,100 5,100 3,750 1,080 5,250 3,340 4,100 For general factory use c. Factory overhead costs incurred on account, $5,500 d. Depreciation of machinery and equipment, $1,980. e. The factory overhead rate is $54 per machine hour. Machine hours used Machine Hours 25 36 30 72 301 302 304 305 306 Total 25 228 f. Jobs completed: 301, 302, 303, and 30s. g. Jobs were shipped and customers were billed as follows: Job 301, $8,250; Job 302, $11,200; Job 303, $15,000. Instructions 1. Journalize the entries to record the summarized operations 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 3. Prepare a schedule of unfinished jobs to support the balance in the work in process 4. Prepare a schedule of completed jobs on hand to support the balance in the finished the end of the month. account goods account. OBJ, 2,3