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, $28,790.
	b. Materials requisitioned and factory labor used:

Job

Materials

Factory Labor

301

$2,880

$2,910

302

3,690

3,860

303

2,300

1,780

304

7,820

6,990

305

5,310

5,050

306

3,700

3,280

For general factory use

1,070

4,180

	c. Factory overhead costs incurred on account, $5,600.
	d. Depreciation of machinery and equipment, $1,970.
	e. The factory overhead rate is $53 per machine hour. Machine hours used:

Job

Machine Hours

301

25

302

34

303

30

304

71

305

42

306

26

Total

228

	f. Jobs completed: 301, 302, 303 and 305.
	g. Jobs were shipped and customers were billed as follows: Job 301, $8,270; Job 302, $11,720; Job 303, $15,730.

	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 g as 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.