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

a. Materials purchased on account, $29,050.b. Materials requisitionedand factory labor used:JobMaterialsFactory Labor301$2,870$2,8703023,6903,7703032,3001,9203048,5107,0503055,0005,2503063,7703,240For general factory use1,0304,110c. Factory overhead costs incurred on account, $5,400.d. Depreciation of machinery and equipment, $2,000.e. The factory overhead rate is $52 per machine hour. Machine hours used:JobMachine Hours301273023530329304703053930625Total225f. Jobs completed: 301, 302, 303 and 305.g. Jobs were shipped and customers were billed as follows: Job 301, $8,310; Job 302, $11,120; Job 303, $14,320.Required:1.Journalize the entries to record the summarized operations. Record each item (items a-f) as an individual entry on December 31. Record item gas 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.