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, $28,580.
	b. Materials requisitionedand factory labor used:

Job	Materials	Factory Labor
301	$3,030	$2,760
302	3,490	3,770
303	2,520	1,860
304	8,290	6,880
305	5,000	5,490
306	3,890	3,410
For general factory use	1,130	4,190

	c. Factory overhead costs incurred on account, $5,670.
	d. Depreciation of machinery and equipment, $2,050.
	e. The factory overhead rate is $52 per machine hour. Machine hours used:

Job	Machine Hours
301	27
302	38
303	28
304	73
305	38
306	27
Total	231

	f. Jobs completed: 301, 302, 303 and 305.
	g. Jobs were shipped and customers were billed as follows: Job 301, $8,340; Job 302, $10,880; Job 303, $15,310.

	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.