Ottoson Fencing Inc. usesjob order costing. The following data summarize the operations related to production for December, the first month of operations:

a. Materials purchased on account, $30,100.b.Materials requisitionedand factory labor used:

JobMaterialsFactory Labor301$3,110$2,7203023,7103,8103032,4001,9703048,5006,8703055,2105,4103063,8503,290For general factory use1,0804,120

c. Factory overhead costs incurred on account, $5,440.d. Depreciation of machinery and equipment, $1,980.e. The factory overhead rate is $53 per machine hour. Machine hours used:

JobMachine Hours301253023530332304733053830624Total227

f. Jobs completed: 301, 302, 303 and 305.g. Jobs were shipped and customers were billed as follows: Job 301, $7,990; Job 302, $10,960; Job 303, $14,290.

Required:1.Journalize the entries to record the summarized operations. Record each item (itemsa-f) as an individual entry on December 31. Record itemgas 2 entries.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.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.