PR 16-1A Entries for costs in job order costing Obj. 2 SHOW Marinja Company uses job order costing. The following data summarize the operations related to ME HOW production for May: a. Materials purchased on account, $320,0000. b. Materials requisitioned, $292,100, of which $8,600 was for general factory use. C. Factory labor used, $487,500 of which $33,000 was indirect. d. Other costs incurred on account for factory overhead, $610,000; selling expenses, $142,000; and administrative expenses, $105,000. e. Prepaid expenses expired for factory overhead were $22,000; for selling expenses, $5,000; and for administrative expenses, $4,000. f. Depreciation of office building was $29,000; of office equipment, $6,500; and of factory equipment, $68,000. g. Factory overhead costs applied to jobs, $712,000. h. Jobs completed, $1,426,000. i. Cost of goods sold, $1,378,000. Instructions Journalize the entries to record the summarized operations.PR 16-2A Entries and schedules for unfinished jobs and completed jobs Obj. 2 3. Work in Process Ottoson Fencing Inc. uses job order costing. The following data summarize the operations related balance, $12,830 to production for December, the first month of operations: a. Materials purchased on account, $50,000. b. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $1,850 $2,500 302 3,150 7,220 303 2,200 5,350 304 1,900 2,300 305 4,230 6,225 306 1,770 2,900 For general factory use 1,200 5,000 C. Factory overhead costs incurred on account, $1,800. d. Depreciation of machinery and equipment, $2,700. e. The factory overhead rate is $40 per machine hour. Machine hours used: Job Machine Hours 301 30 302 60 303 41 304 63 305 70 306 36 Total 300 f. Jobs completed: 301, 302, 303, and 305. g. Jobs were shipped and customers were billed as follows: Job 301, $9,000; Job 302, $16,150; Job 303, $12,800. Instructions 1. Journalize the entries to record the summarized operations. 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.PR 16-4A Analyzing manufacturing cost accounts Obj. 2 g. $751,870 Fire Rock Company manufactures designer paddle boards in a wide variety of sizes and styles. The following incomplete ledger accounts refer to transactions that are summarized for June: Materials June 1 Balance 82,500 June 30 Requisitions (a) 30 Purchases 330,000 Work in Process June 1 Balance (b) June 30 Completed jobs (f) 30 Materials (c) 30 Direct labor (d) 30 Factory overhead applied (e) Finished Goods June 1 Balance 0 June 30 Cost of goods sold (g) 30 Completed jobs (f) Wages Payable June 30 Wages incurred 330,000 Factory Overhead June 1 Balance 33,000 June 30 Factory overhead 30 Indirect labor (h) applied (e) 30 Indirect materials 44,000 30 Other overhead 237,500In addition, the following information is available: a. Materials and direct labor were applied to six jobs in June: Job No. Style Quantity Direct Materials Direct Labor 201 T100 550 $ 55,000 $ 41,250 202 T200 1,100 93,500 71,500 203 T400 550 38,500 22,000 204 $200 560 82,500 69,300 205 T300 480 60,000 48,000 206 $100 380 22,000 12,400 Total 3,720 $351,500 $264,450 b. Factory overhead is applied to each job at a rate of 140% of direct labor cost. c The June 1 Work in Process balance consisted of two jobs, as follows: Work in Process, Job No. Style June 1 201 T100 $16,500 202 T200 44,000 Total $60,500 d. Customer jobs completed and units sold in June were as follows: Completed Units Sold Job No. Style in June in June 201 T100 X 140 202 T200 X 380 203 T400 0 204 $200 X 570 205 T300 X 420 206 $100 0 Instructions 1. Determine the missing amounts associated with each letter. Provide supporting computations by completing a table with the following headings: June 1 Cost of Work in Direct Direct Factory Total Unit Units Goods Job No. Quantity Process Materials Labor Overhead Cost Cost Sold Sold 2. Determine the June 30 balances for each of the inventory accounts and factory overhead