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

1. Joumalize the entries to record the summarized oporations. Fiecord each ilom (items a-1) as an individual entry on December 31 . Fecord ifom 9 as 2 ontries. General Ledger Otoson Fenoing the, uses jab order costing. The following dats summarize the operalions retated to production for December, the first month of operations: a. Matorials purchased on acosunt, $30,100. b. Materials roquisitioned and tactory labor used: c. Factory overhead eosts incurred on account, $,440. d. Dopreciation of machinery and equipment, $1,980. e. The factory overheod rate is $53 per machine hour. Machine hours uted: f. Jobs completed: 301,302,303 and 305 . Required: 9 as 2 ontrics. merno account balances as of the end of the monch. 3. Propare a schedule of unfinished jobs to support the halunce in the wook in process account: 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Schedule of Unfinished Jobs instruction Schedule of Completed Jobs 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Schodule of Completed vabs Instruction Amount Descriptions Balance of Work in Process, December 31 Finished Goods, December 31 (Job 305) Job No. 301 Job No. 302 Job No. 303 Job No. 304 Job No. 305 Job No. 306 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. TAccounts Instructions